Investors of high-yield muni bonds might see losses as default risk rises

03/10/2010 | Bloomberg

After pouring $7.8 billion into high-yield municipal bond funds in 2009, investors are facing the possibility of losses this year as the risk of default increases. "People are starving for yield because rates are at zero," said Paul Tramontano, co-CEO of Constellation Wealth Advisors. "They're taking more risk than they think."

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