bond defaults

Municipal Bonds Aren't Just for the Rich Anymore

This income investment has become more attractive recently. Yet because it's perceived as being strictly for the wealthy, many ordinary Americans never think twice about it.

The Junk-Bond Market's Best Days May Be Behind It

As small investors flee the low returns of Treasury bonds, many have piled into high-yield debt -- also known as junk bonds. Problem is, as one pro puts it: "The trade when you could buy anything and make money ended six months ago." Investors need to be far pickier now.