Thalia H. Meehan, CFA and Paul M. Drury, CFA

Better state finances support tax-exempt bonds

Thalia H. Meehan, CFA and Paul M. Drury, CFA, Portfolio Managers

With revenues on the rise, the fiscal health of many states is improving. In a survey conducted in the fall of 2012, the National Conference of State Legislatures found "solid revenue performance" in most states. This is one of the factors contributing to the attractiveness of municipal bonds as an investment today.