Municipal bond investors may have a rare and compelling opportunity to lock in high yields.
High-grade municipal bond yields, particularly at the long end of the curve, are near their highest levels in over a decade, according to the Bloomberg Municipal Bond Index through May 8.
And the ratio of the tax-equivalent yield on 30-year AAA-rated munis vs U.S. Treasuries is currently sitting just above 90%, according to Bloomberg’s Evaluated Pricing Service as of May 8.
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That means many muni bonds are practically offering tax…
