Title
Document Type
Blog Post
Publication Date
6-27-2012
Contents
While municipals generally carry lower yields due to their tax benefits, beware that they are more risky than comparable Treasury securities. Municipals can default since, unlike the federal government, they do not have the ability to print money. The most recent (and largest ever) city to declare bankruptcy is Stockton, CA. See the article here, Fox News.
Recommended Citation
Dolvin, Steven D., "Municipal Bond Risk" (2012). All Chapters. 22.
https://digitalcommons.butler.edu/jmdallchapters/22