While fixed income markets have been rocky this year, municipal bonds still show strong fundamentals and could present an attractive opportunity for investors in the top tax bracket. Not only have yields on municipal bondsremained high since the summer, but tax-equivalent yields on municipal bonds...
VTEB carries an expense ratio of just 5 basis points. Vanguard also plans to introduce another municipal bond index ETF, theVanguard Short-Term Tax-Exempt Bond ETF (VTES), later this quarter. The ETF is intended for investors seeking to generate tax-exempt yield in their portfolios while...