NEW YORK (TheStreet) -- Investors can still find value in the bond market, according to Jim Cahill, president of Drexel Hamilton.

He told TheStreet's Joe Deaux that the U.S. government didn't really have a choice but to come to a resolution, simply because there are so many foreign bondholders.

Cahill added the Federal Reserve will have to continue printing money, but at some point will have to pay the price. Eventually interest rates will go higher and everyone will have to be ready for that, he said.

Regarding bonds, he specifically likes municipal bonds because of the value on a relative basis, calling them "very favorable." This includes taxable municipal bonds. Cahill also suggested that commercial mortgaged-backed securities (MBS) look decent right now and could offer an attractive entry at some point.

Regarding the firm's mission to hire veterans, he said that service-disabled veterans are the only ones paid a salary.

At first, there were only seven employees at the company. Now there are 72, with over half of them being combat veterans, 15 of whom were severely wounded.

"We need to do more," he concluded about the hiring of veterans on Wall Street. Regarding bonds, he said opportunities come and go and investors just need to keep an eye out for them.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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