Yield in the global investment grade fixed income marketplace is in high demand. However, the impact of aggressive quantitative easing by global central banks has forced rates to historically low levels. Follow this link for the full report (PDF).
The municipal securities market is critical to building and maintaining the infrastructure of our nation. State and local governmental entities issue municipal securities to finance a wide variety of public projects, to provide for cash flow and other government needs, and to finance non-governmental private projects. In this report, Understanding the Issuer Risk in the Municipal Bond Market (PDF), JB Investment Management summarizes municipal bond market risk.