Municipal Bonds: What Comes After Perfect?
February 05, 2015 at 06:30 AM EST
As records go, you can’t beat 12 for 12. Perfection is good … and bad. Muni investors enjoyed a perfect run in 2014 as the market notched a positive return each and every month, leading the S&P Municipal Bond Index to an annual return of 9.26%. What could be bad about that? It sets some...