The lack of safe, high-yielding securities will make 2015 another strong year for municipal bonds, said Bill Walsh, President of Hennion & Walsh. Walsh added that diminished supply helped propel municipal bond returns last year and he does not expect an abundance of new issues in the coming year. He said Detroit’s bankruptcy was an isolated incident and only hurt individual bondholders who were well aware of the risk. Walsh said some investors may be interested in Illinois municipal bonds if they are willing to accept the risk. Finally, he said Treasury yields are so low that tax-free munis are a natural option for investors seeking safety.
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