Municpal bonds have rebounded over the last month with yields for AAA rated munis falling for 25 consecutive trading days. Investors are willing to accept slightly more risk to achieve greater returns than from safe U.S. Treasuries. The tax free component of municipal bonds is another factor for investors.
To read a related CNN Money article, please click here:
http://money.cnn.com/2011/05/17/markets/munis/index.htm?iid=HP_LN
James Sutliff