Muni Bonds: Riskier Than You ThinkBy
Investors generally view municipal bonds as safe investments—and the figures seem to back that up. Moody’s Investors Service tracked just 71 muni bond defaults from 1970 to 2011. A new analysis from the Federal Reserve Bank of New York says there’s an “untold” story of muni bonds—that they actually go bad much more than we thought.
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