Hernando Montero's Palm Beach Post Weekly Column: Assessing the Types of Municipal Bonds

Hernando Montero-Salazar
Stoever Glass & Co., Inc.
Phone: (212) 952-1910
Toll Free: (800) 223-3881
E: hmontero@stoeverglass.com

There are $3.7 trillion of outstanding municipal bonds, with hundreds of millions more issued each year. Munis have been termed “the second safest investment after U.S. Treasury debt”. Despite Detroit’s bankruptcy in 2013 and Puerto Rico’s recent defaults, defaults over all muni bonds through their final maturity are less than 1%, and even less when you consider bondholders’ recoveries after a default.

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08/07/2017 | There are $3.7 trillion of outstanding municipal bonds, with hundreds of millions more issued each year. Munis have been termed “the second safest investment after U.S. Treasury debt”.
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