Barron's gets contrarian once again on municipal bonds.
Brendan Conway writes that municipal bonds' terrible year has proven by a blessing for investors looking for a great buy. Conway reports that the
State Street [
profile]
SPDR
Nuveen [
profile]
S&P High Yield Municipal Bond ETF (which is subadvised by Nuveen) has returned to mid-2011 prices and its yield is 6.2 percent.
Van Eck [
profile]
Market Vectors High Yield Municipal Index ETF and
BlackRock [
profile]
iShares S&P National AMT-Free Municipal Bond Fund are seeing a similar trend, Conway writes.
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Edited by:
Casey Quinlan
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