Junk Municipal Bonds Hit the WSJ

In this weekend's edition of the Wall Street Journal a columnist looks at the allure and relative value of high yield municipal bonds. The "junk" status bonds are often viewed as risky due to an elevated default risk, however the article shows that they are actually less likely to default than high yield corporate bonds.

Here at Penn Financial Group we have been investing in junk municipal bonds for years and after Meredith Whitney's terribly wrong call on municipals I adamantly backed the sector on TV and in the major newspapers. We have owned the Market Vectors Municipal High Yield Bond ETF ($HYD) for well over a year and have some big unrealized gains.

I suggest you look over the article if you are interested in learning more about the sector.

Click Here to Read.

Also give us a call/email if you wan to learn about other ETFs we are investing in before the major media find them.

1-877-383-7366
info@pennfinancialgroup.com