Yes, a modest amount of long-term bonds is brought to market, but until a supply/demand shift reverses the current pattern, I believe it behooves investors seeking yield and return to consider longer-term municipal bonds.
Market Vectors Long Municipal Index ETF (NYSEArca: MLN)
*The Barclays Municipal Bond Index is considered representative of the broad market for investment grade, tax-exempt bonds with a maturity of at least one year. The Long Municipal Bond Index is a sub-set of this broader index.
James Colby is a portfolio manager and senior municipal strategist at Van Eck Global, responsible for Market Vectors municipal bond investments.