Despite dire predictions, it was a very good year for municipal bonds last year. Many analysts are predicting more of the same. One possible hitch: bankruptcy negotiations currently being conducted by several cities could encourage scores of other towns to turn on their bondholders.
Ed Cowart, portfolio co-manager of equity income and value strategies at Eagle Asset Management, the $19.5-billion asset management unit of Raymond James, offers up his thoughts on a few market sectors that are catching his eye.
Pouring funds into global high-yield ETFs; return up more than 10% in the first quarter
A judge yesterday made the decision about who controls the city garages after Stockton missed a $779,935 payment on lease revenue bonds issued in 2004.
Legendary bond investor Dan Fuss says investors should swap market risk for company risk
Goldman strategist sees S&P 500 ending year as high as 1,600; corporate capex still robust
Mutual funds in the U.S. that focus on bonds have the highest percentage of their assets in cash since 2008, which may temper a rise in yields from about record lows as managers put that money to work.
U.S. municipal-bond yields rose for a fifth straight day to the highest in more than four months as government reports pointed to a recovery in housing.
