Why municipalities need to create long-term financial plans

Market signals are showing that anyone invested in municipal bonds should be looking at this market very carefully. The Bloomberg Barclays Municipal Bond Index dropped 1.1% in the first three months of 2018. While the decrease may seem small, this is the biggest first-quarter decline in 15 years. Additionally, investors pulled about $830 million out of state and local government bond mutual funds during the week ended April 11, the biggest outflow since January 2017, and the second straight week of investors pulling cash from mutual funds…Read More