Municipal Bond Forum
Low volume, attractive yields
Q
I had another thought after reading your latest article (“Know Your Expert“): I agree on continuing to buy tax-free bonds regardless of what the so-called gurus say. The only problem is, there are no bonds to buy. A perfect example is the bond offerings on your Web site. There used to be six pages, now there are fewer. What’s the secret of buying quality bonds at fair prices in today’s market?
A
James A. Klotz responds:
We have been in a very low interest rate environment across the entire fixed-income spectrum for quite some time.
You are correct that the volume in our market has been down, but on an after-tax basis, muni yields are still more attractive than their taxable counterparts.
As far as our offerings, if you don’t see what you’re looking for on our Web site, be sure to call an FMSbonds muni specialist at 1-800-FMS-BOND.
Start here.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.