Wesly Pate, senior portfolio manager at Income Research + Management, offered US News and World Report his views on why investors should buy municipal bonds issued outside of their home states. The value of tax exemptions have declined because interest rates are low, he explained, so investors should focus more on finding an attractive after-tax yield on the state level rather than worrying about any tax benefits by buying in their state.
US News & World Report: When Muni Bonds Outside Your State Make Sense
October 2, 2020
Original article by Debbie Carlson