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.
The responses provided in this forum are meant to address specific questions posed by investors about their municipal bonds and to provide market insight for our general audience. Please note, your investments, objectives, results and experience may differ significantly. Our answers and any potential strategies discussed should not be construed as a solicitation to buy nor sell any security or investment product. All investing entails risk.