Market Vectors® Pre-Refunded Muni ETF
2017 was a good year for both the stock market (SPY) as well as the debt market.
Compared to a corporate bond with a similar credit rating, muni bonds are less likely to default while offering modest yields.
In this series, we will shed light on Moody’s recent data report, US Municipal Bond Defaults and Recoveries, 1970–2016. Muni bond prices sparked in 2016, especially when President Trump announced his infrastructure spending plans.