A More Secure Investment?

Clearly, the attractiveness of each investment type will vary with conditions. So, which is the better investment for the long-term investor?

20 minute read January 29, 2014 at 10:17 AM

Thomas B. Howard And Michael Geltner

For many decades, U.S. institutional investors and large bond insurers have viewed the general obligation (GO) municipal bonds from rated investment grade municipalities as a much higher value investment vehicle than an illiquid municipal lease subject to annual appropriation.

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