Business
Municipal bonds are providing the yield you are looking for. This is the place to look.
A historic trend in the bond market this year has resulted in the highest municipal bond yields in 15 years — and this looks like a great buying opportunity.
By midweek, the metropolitan market, as measured by the Bloomberg Municipal Bond Index, was down 13%, its worst in at least 40 years, as yields rose to 4.2% from 1 ,first%. Long-term bond mutual funds did even worse, falling about 15%.