The High-Yield Munis That Conquered 2015 Seen Overpriced in 2016

  • Speculative-grade munis beat other junk-rated bonds last year
  • Standish Mellon, Wells Capital see better value in corporates

For investors in high-yield municipal bonds, the downside of making money in 2015 while other risky-debt buyers suffered losses is they’ll be hard-pressed to do it again in 2016.

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