Indexology®: Long and Short of It: Munis Outshine in 2014 as Demand Holds

Demand for munis continues to outpace supply and the result is the muni market is reflecting strength from the five year maturity range on out. On the shorter end of the curve, five year non-callable municipal bonds tracked in the S&P AMT-Free Municipal Series 2019 Index have returned 2.19%...