The Coming Boom in Municipal Bonds
NEW YORK ( TheStreet) -- However the "fiscal cliff" nonsense ends, it's likely to mean a hike in the tax on investment income.
How high is the question.
CBS Moneywatch story in November figured capital gains rates could go to 20%,
What happens if you go "cliff-diving?" Rick Ferri calls what would then happen
The default rate of municipalities is much lower over every time period than the default rate of corporations. In fact, over the past 10 years, the default rate for AAA-rated corporate bonds is actually greater than the rate for Baa rated municipal bonds.Municipal bond issuance has jumped in 2012 but that is mainly in relation to a slack 2011, which was also a peak for defaults, notes
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