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Municipal Bond Funds

1K views 1 reply 2 participants last post by  Muddskipper 
#1 ·
Any thoughts on these? Our financial advisor recommended us purchase a few. short, medium and long term ones.
 
#2 ·
Munis have seen huge inflows this year.

They seemed to better handle interest rate changes better than the corporate bond funds.

2019 has seen approx $70 Bn inflows this year alone in munis so with the demand up the yields have gone down......

Don’t get caught up in yield as some fund managers are taking more risk to keep their % up....this is an issue when you see the amount of Puerto Rico or even Detroit in them ...

Don’t fear non rated though .... the fund managers are buying the stuff up so the govt agency are not even spend the money on getting a rating.

You want to see how many down years they have had.... how did they handle volatility during 08?
 
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