starkawa

Why the Muni Bond Market Is in Decline

My understanding is that the muni sector has a historically low default risk, especially when compared to corporate sector. As the market drags the general obligation muni down as well, it should prove to be a very good mid to long term buying opportunities as GO muni's default rate is almost close to zero.

I can absorb the default of a revenue-backed muni, but if we see GO muni defaulting, I would not want to imagine how the corporate bonds and stocks would be like.