California And Bankruptcy: How Often Do Municipal Bonds Default?

With all of the high profile municipal bond defaults and scares in the last few years from Vallejo, CA to Harrisburg, PA, it is easy to get spooked about the normally staid and safe muni bond market. So with that in mind, I wanted to put some numbers out there regarding municipal bonds, and help to quantify the risks for these securities. Bear in mind all of the figures I report here in this article come from one of four sources: Standard & Poors, Moody's, the NY Fed, and the MSRB (Municipal Securities Ruling Board). Read More at:http://seekingalpha.com/article/1248751-california-and-bankruptcy-how-often-do-municipal-bonds-default?source=google_news