Municipal bonds offer the returns you are looking for. Here’s where to look.


A historic rout in the bond market this year has resulted in the highest municipal bond yields in 15 years – and what looks like an excellent buying opportunity.

By midweek, the muni market, as measured by the Bloomberg Municipal Bond Index, was down 13%, the worst in at least 40 years, as yields jumped to 4.2% from 1.1%. Long-term bond funds have done even worse, by around 15%.

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