Spdr Series Trust Nuv Brclys Capny Mun Bd Etf (NYSEMKT:INY)

CAPS Rating: 1 out of 5

SPDR Barclays Capital New York Municipal Bond Fund (ETF)

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Player Avatar TerryHogan (99.84) Submitted: 8/14/2012 4:05:08 PM : Underperform Start Price: $23.50 INY Score: +16.48

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.

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