Municipal Bonds: More Appeal Than Meets the Eye

Using the ICE AMT-Free US National Municipal Index as the measuring stick, it’s fair to say municipal bonds haven’t done much of anything from a performance perspective this year. That’s despite the fact that aggregate bond indexes have traded higher.That doesn’t mean prudent income investors should abandon munis and ETFs like the ALPS Intermediate Municipal Bond ETF (MNBD). While municipal debt has been lethargic this year from a performance perspective, some market observers believe the time is right to r ...