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FYI: For income investors, high-yield municipal bonds offer benefits like high tax-equivalent yields and lower default risk than corporate bonds with similar ratings. High-yield munis are considered a separate asset class from investment grade munis — much the way junk and investment grade corporate bonds have distinct investment characteristics. Regards, Ted http://blogs.barrons.com/incomeinvesting/2015/04/10/are-high-yield-munis-too-risky/tab/print/
