The chart shows that short-term bonds offer a more compelling yield advantage over cash.
Source: Bloomberg
 The chart shows that investment-grade muni bonds can offer attractive tax-equivalent yields.
Source: Bloomberg
 The chart shows that high-yield muni bonds can offer compelling tax-equivalent yields for investors in top tax brackets.
Source: Bloomberg

Important information: 

This content is intended as educational only and should not be interpreted as specific recommendations or investment advice. Investors should make investment decisions based on their unique investment objectives and financial situation.

Opinions are as of the date of this report and subject to change.

Past performance of the markets is not a guarantee of future results.

Before investing in bonds, investors should understand the risks involved, including credit risk and market risk. Bond investments are also subject to interest rate risk such that when interest rates rise, the prices of bonds can decease, and the investor can lose principal value if the investment is sold prior to maturity.