Document Type
Blog Post
Publication Date
7-18-2013
Contents
Municipal bonds usually have a lower yield to maturity than comparable US Treasury bonds. While this would normally be indicative of lower risk, it is purely a function of the tax advantages they provide. However, as the recent Detroit, MI bankruptcy filing suggests, municipals do indeed carry higher risk. (See article here, Yahoo! Finance.)
Recommended Citation
Dolvin, Steven D., "Municipal Bond Risk -- Detroit" (2013). All Chapters. 74.
https://digitalcommons.butler.edu/jmdallchapters/74