Still, investors are worried that budget negotiations in Washington could result in new taxes on interest they receive from municipal bonds, The Wall Street Journal reported recently.
“The fact that there’s support on both sides of the table is what freaked people out,” said George Friedlander, managing director and chief municipal-bond strategist at Citigroup, in the WSJ story.
iShares S&P National AMT-Free Municipal Bond
For more information on munis, visit our municipal bonds category.
Max Chen contributed to this article.