In recent years the municipal bond market has gone through its most tumultuous period in decades. State and local governments are under enormous stress. Bond insurers have flirted with insolvency, and a new form of taxable municipal debt, known as Build America Bonds, has emerged.
Click here for a two-page interview about the muni market conducted by Tom Collimore, director of investor education for the CFA Institute. The interview includes Paul Jungquist, Senior Portfolio Manager of SIT Mutual Funds, Steve Klein, Principal with First Infrastructure Consulting and Kurt van Kuller, Director of Institutional Sales at Northeast Securities.