Future of high quality industrial and munis

Future of high quality munis and industrial high yield bonds

Terry Says:  When interest rates rise, bond PRICES fall.  The longer the maturity of the bond, the greater the drop in price.  That has nothing to do with the credit qualify of the company or municipality that did the borrowing.  If they get into financial trouble, prices will drop for that reason as well.   Today you see interest rates rising.  That means bond prices are falling!