The “locking in” aspect is an important consideration. Today’s high rates on money-market funds won’t last forever, and investors who have flooded into them face reinvestment risk. When yields dip, the income generated by money-market funds will fall, and the opportunity to invest in longer-term bonds, which rise in price when yields fall, will fade away.
Contact jeff@watkinsoncap.com if you wish to discuss the remainder of the article
#MuniBonds #WatkinsonMuniBonds #GetRealStayRich
https://www.barrons.com/articles/municipal-bonds-yields-invest-cc13aa06?mod=hp_LEAD_4