Municipal Finances: What Investors Should Know
As of
10-24-2012
How are municipalities handling their fiscal challenges? Where are the investment opportunities? Senior portfolio manager R.J. Gallo offers insights.
Views are as of the date above 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.
Income from municipal funds may be subject to the federal alternative minimum tax and state and local taxes.
Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.
Security ratings are subject to change and do not remove market risk. Lower quality bonds generally involve greater market, credit/default and liquidity risks, and may be more volatile than investment grade securities.
Federated Investment Management Company
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