FYI: While U.S. municipal bonds are often thought of as constituents of a sleepy sector, the events and market moves of the last 18 months have riled up uncertainty and left many investors asking what lies ahead for their municipal bond allocations. Elizabeth Foos, Morningstar's lead on municipal bond fund coverage, hosted a discussion at the Morningstar Investment Conference around many of these themes, including the broad municipal bond outlook post tax-reform, headline-familiar names, and the nascent role of indexing within the space. Panelists included Jim Murphy, portfolio manager on Gold-rated T. Rowe Price Tax-Free High Yield fund; Melissa Haskell, a director of municipal fixed-income research at MFS; and Chris Alwine, a principal at Vanguard who spent a decade as head of the firm's municipal bond group.
Regards,
Ted
http://www.morningstar.com/articles/869638/taxfree-yield-finding-opportunity-avoiding-pothole.html
