Before You Invest in Muni Bonds, Know This
Municipal bond yields are at their highest levels in 20 to 25 years, and the phrase “tax-free income” is getting a lot of attention from investors looking for safety and yield in a challenging rate environment. The case is easy to understand: if you live in California and own a California Muni bond, the interest you earn could be both federal and state tax-free.
But before you move into Munis based on that headline, there are a few things worth understanding first. In this episode of Financial Commute, Chris Galeski and Ian Rennick walk through the interest rate risk most investors are not…
The skinny
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