Post-Apocalyptic Municipal Bond Buying Guide |
| March 11, 2011 | March 2011 Bond Updates |
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As the municipal bond market recalibrated from what had become a commoditized market to a credit-driven market, the changes have been dizzying. Build America Bonds—gone. Bond Insurance—virtually gone. The yield curve slope four years ago: 44 basis points, an historical low—now at a record slope at 406 basis points, a near historical high. Also four years ago: credit spread of AAA to BBB: 46 basis points, another historical low—now 149 basis points, a near historical high. |
| View more at: http://blogs.forbes.com/investor/2011/03/11/post-apocalyptic-municipal-bond-buying-guide/ |
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