- Time to Buy Munibonds?

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Time to Buy Munibonds?

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So far, 2008 has been the worst start for global markets in recent financial history. As I scanned the stock markets' page of The Economist last week, a single stock market in the world ended the week in the black: Taiwan, itself off more than 25% from its November peak. Last week was particularly brutal.
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Time to Buy Munibonds?

Wednesday, 09 July 2008

After a year of free fall, is it time to buy munibonds now?
It may be. High-yield munibond funds like the Legg Mason Partners Municipal High Income (STXAX) have made some gains in the past few months of 2.5%.

High-yield munibonds that fund the construction of hospitals and schools are riskier than bonds that fund basic state and local governments. But they’re returning 3% more than safer munibonds.

Best of all, the STXAX costs an initial investment of only $500, with additional investments of $50.

That’s a cheap investment for a safe haven portfolio. The munibond fund has been up 4.9% over five years annualized…

Ann Sosnowski
Editor, Safe Haven Investor

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