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Jul. 19, 2013, 3:36 PMAfter hanging in there early, municipal bond prices (MUB -0.7%), (HYD -1.5%) tumble in wake of the Detroit Chapter 9 filing (this as Treasury yields fell). "If you are a market-maker today, you have to be cautious because you don't know what the market impact is going to be," says Matt Fabian of Municipal Market Advsiors. Michigan bond funds: Eaton Vance Michigan Muni closed-end fund (MIW -0.8%), BlackRock MuniYield Michigan (MIY -1.3%), Nuveen Michigan Quality (NUM -0.7%). | 11 Comments
NUM vs. ETF Alternatives
To provide current income exempt from regular federal and Michigan income tax as well as Michigan intangible tax, and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Funds investment advi
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