Municipal bonds have rebounded smartly in 2014 after selling off last year. Roberto Roffo, portfolio manager for Advisors Asset Management, expects the bull market to continue, especially due to a sharp drop in supply. Roffo says the expected settlement in Detroit's bankruptcy case looks better than originally thought for bondholders, and that is also boosting muni prices. Finally, he says new Fed Chief Janet Yellen will likely keep rates low due to an economy that remains weak.
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