Municipal Debt

When J.B. Pritzker, Illinois' new Democratic governor, proposed his first budget, he warned that getting the state’s troubled finances in order would be a long-term project. “It took decades to get us into this mess. It will take at least several years to get us out of it,” he...

Municipal bonds and the relevant exchange traded funds are prime destinations for conservative fixed-income investors. Some of these funds feature access to a wide range of municipal debt at favorable price points. That group includes the Vanguard Tax-Exempt Bond ETF (NYSE: VTEB). What Happened...

The U.S. Securities and Exchange Commission's Investor Advocate Rick Fleming recently gave a speech discussing the state of the the municipal securities market. Fleming noted approximately 41 percent of municipal bonds are owned by individual investors, while another 29 percent are owned by...