Fixed-Income Update
Closed-End Bond Funds: Few Jewels amid the Junk
Few high-yield investments deserve greater scrutiny and skepticism than closed-end bond funds.
Navigating the Municipal-Bond Minefield
Welcome to the year of living dangerously in the municipal bond market. Detroit's bankruptcy filing serves as a reminder that investors can no longer assume the riskiest borrowers eventually will be bailed out if they can’t keep up with their debt.