Dick Larkin's Palm Beach Post Weekly Column: MUNICIPAL BONDS: CREDIT RISK VERSUS MARKET RISK

Monday, Oct 24, 2016

Roland Stoever
Stoever Glass & Co., Inc.
P: (800) 223-3881
E: roland@stoeverglass.com

Credit risk and Market risk are two different concepts.   Market risk can be triggered by Credit Risk.  Credit risk is the possibility that the issuer of your bonds won’t generate sufficient revenue to make timely repayment of your investment.  Detroit’s bankruptcy and Puerto Rico’s failure to make payments on debt are examples where credit risk has lowered the market value of bonds.  Trying to predict municipal bond defaults is what I have done for a living for over 41 years.

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