“The explosive municipal bond rally of the last four years represents a bubble that will burst, writes Allan Sloan, Fortune’s senior editor at large.
“High-grade munis … have become insanely popular and are a train wreck waiting to happen,” he writes.
“I want to warn you — yet again — about the perils of buying bonds at current prices. You should be especially wary of muni bonds trading at fat premiums above face value.”
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