Regulator warns of interest-rate risk retail investors take with low-coupon munis
MSRB study shows retail investors purchase more 3%-3.5% coupon bonds, institutional buy 5%
Retail investors purchase more municipal bonds with lower coupons than institutional investors do, setting themselves up to take a hit if interest rates rise, a regulatory organization found in a recent study.
Earlier this week, the Municipal Securities Rulemaking Board released a study showing t
Learn more about reprints and licensing for this article.