That’s a question that Mr. Sheehan, of Welling & Weeden, answers in his terrific and insightful report, “Dark Vision – The Coming Collapse of the Muni Bond Market.” Now, before you dive into this report, keep in mind the bond market updates I’ve been giving over the past year or...
In terms ofmodern portfolio theory (MPT), the Franklin New York Tax-Free Income Fund is best suited for fixed-income investors located in New York with a short- to medium-term investment horizon seeking to gain exposure to the New York bond market while generating tax-free income with a mo...
We have documented the troubles of the energy producing states to deal with the impact of lower oil and natural gas prices on their state revenue streams. That problem was manifest once again with the news that Fitch has lowered Oklahoma’s general obligation bond rating to ‘AA’ from ‘AA+...