Tag Archives: US Treasuries

Munis in the bargain bin, again

The recent “taper-tantrum” over the Fed’s potential coming removal of quantitative easing has caused quite some unrest in the bond market. This has caused interest rates, in particular longer term rates (10yrs +) to move substantially higher across the board. Long term munis were no exception and the sell off has left some compelling value in long term munis for long term investors. The chart below takes a long term look (from 1954) at the 20 year muni bond buyer index vs the 20 year US Treasury. Data points are monthly and can be found at the Federal Reserve site. … Continue reading

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