{"id":708,"date":"2012-11-08T11:19:29","date_gmt":"2012-11-08T16:19:29","guid":{"rendered":"http:\/\/assetpreservationadvisors.com\/?p=708"},"modified":"2012-11-08T11:38:36","modified_gmt":"2012-11-08T16:38:36","slug":"taxable-and-tax-free-municipal-bonds-better-value-and-higher-yields-vs-corporate-bonds","status":"publish","type":"post","link":"http:\/\/162.241.140.166\/~asset\/commentaries\/taxable-and-tax-free-municipal-bonds-better-value-and-higher-yields-vs-corporate-bonds\/","title":{"rendered":"Taxable and Tax Free Municipal Bonds: Better Value and Higher Yields vs. Corporate Bonds"},"content":{"rendered":"<p><strong><a href=\"http:\/\/162.241.140.166\/~asset\/wp-content\/uploads\/Bonds.jpg\"><br \/><\/a>Taxable and Tax Free Municipal Bonds: Better Value and Higher Yields vs. Corporate Bonds<\/strong><\/p>\n<p>Asset Preservation Advisors (APA) believes that investors should continue to invest in highly-rated municipal bonds and diversify their income stream by purchasing taxable municipal bonds. Even with market place discussions debating the advantages of adding corporate bonds to a portfolio, APA believes corporate bonds do not offer the value, given current market conditions, of taxable municipal securities. \u00a0Rather, we believe that investors should continue to add highly rated taxable and tax-exempt municipal securities to their portfolios while avoiding corporate bonds. Taxable municipals bonds are currently providing higher yields than corporates with similar credit ratings and maturities. \u00a0In addition, an investor\u2019s \u201ccredit risk\u201d increases with corporate bonds given their historically higher rates of default. \u00a0Moreover, corporate spreads are so expensive at this time that with some maturities, tax-exempt bonds can yield more than corporates with similar risk profiles.\u00a0<\/p>\n<p><a href=\"http:\/\/162.241.140.166\/~asset\/wp-content\/uploads\/APA-Credit-Spread.pdf\">Read Full Commentary Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taxable and Tax Free Municipal Bonds: Better Value and Higher Yields vs. Corporate Bonds Asset Preservation Advisors (APA) believes that investors should continue to invest in highly-rated municipal bonds and diversify their income stream by purchasing taxable municipal bonds. Even<\/p>\n<p><a class=\"read-more\" href=\"http:\/\/162.241.140.166\/~asset\/commentaries\/taxable-and-tax-free-municipal-bonds-better-value-and-higher-yields-vs-corporate-bonds\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":738,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commentaries"],"_links":{"self":[{"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/posts\/708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/comments?post=708"}],"version-history":[{"count":5,"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/posts\/708\/revisions"}],"predecessor-version":[{"id":712,"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/posts\/708\/revisions\/712"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/media\/738"}],"wp:attachment":[{"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/media?parent=708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/categories?post=708"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/162.241.140.166\/~asset\/wp-json\/wp\/v2\/tags?post=708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}