Markets & Economy


Tim Buckley on the outlook for municipal bonds

February 03, 2014

Vanguard's CIO looks at the muni market

"Think globally, act locally" is a mantra for many municipal bond investors. Vanguard Chief Investment Officer Tim Buckley says that despite alarming headlines about some municipalities you should look at quality and yield before heading for the exits.

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Bill McNabb and Tim Buckley answer more of your questions

Important information

  • All investing is subject to risk, including the possible loss of the money you invest.
  • Although the income from a municipal bond fund is exempt from federal tax, you may owe taxes on any capital gains realized through the fund's trading or through your own redemption of shares. For some investors, a portion of the fund's income may be subject to state and local taxes, as well as to the federal Alternative Minimum Tax.
  • This webcast is for educational purposes only. We recommend that you consult a tax or financial advisor about your individual situation.