Spdr Series Trust Nuv Brclys Capny Mun Bd Etf (NYSEMKT:INY)
CAPS Rating:
SPDR Barclays Capital New York Municipal Bond Fund (ETF)
SPDR Barclays Capital New York Municipal Bond Fund (ETF)
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The only remotely bullish thing about munis is the spectre of high tax rates. I'd say the low yields and the risk of default are enough to make this a red-thumb.