Tom Kozlik, head of municipal research and analytics at Hilltop Securities, said in a May 11 note to clients that they should take advantage of the lofty yields while they last.

“The municipal bond market is offering an exceedingly appealing fixed-income option right now,” he said. “Investors looking for fixed-income investments should begin adding to their municipal positions, or begin to accumulate municipal positions now” and throughout the Federal Reserve’s cycle of interest-rate hikes.

Read the full article