Document Type
Blog Post
Publication Date
7-30-2015
Contents
Municipal bonds are a special type of bond that are particularly attractive to wealthy investors due to the tax benefits they provide. However, like other bonds, their prices will drop if interest rates rise. With many experts expecting the Fed to raise rates, bond managers are increasing cash holdings to position themselves for the impact of the rate increase. See article here, Reuters.
Recommended Citation
Dolvin, Steven D., "Interest Rate Positioning" (2015). All Chapters. 138.
https://digitalcommons.butler.edu/jmdallchapters/138