Stoever Glass & Co., Inc.
Phone: (212) 952-1910
P: (800) 223-3881
Bond Tips February 12, 2019
How much do you know about insured bonds? They are often considered the most conservative bonds. Of course, you must understand what bond insurance is and how important it is to individuals.
Going back a decade or so, a vast majority of bonds that were coming out were insured. I personally had clients who would take whatever I had. As long as it was insured, they never bothered to look at the underlying ratings or the inherent quality of the bond.
When the financial crisis hit in 2008 and 2009, many insurance companies defaulted or simply went away. People were left with the underlying merits of their bonds. #BondMarket #Investing #FinancialServicesFirm #AssetManagement