The benefits of muni bonds


Are pension obligations likely to remain a major obstacle? Senior Portfolio Manager R.J. Gallo provides his take.

Views are as of Feb. 13, 2014 and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector.
Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.
Diversification does not assure a profit nor protect against loss.
Tax information presented is generic in nature and should not be considered tax or legal advice. Consult your personal tax or legal advisor regarding your situation.
Federated Investment Management Company
Copyright © 2015 Federated Investors, Inc.

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