AI profile – Jon Schotz, Saybrook: Making money from a little local knowledge

“When these bonds become distressed, selling them can be difficult given the lack of liquidity in the market for distressed bonds. That enables knowledgeable buyers the opportunity to strike a good deal” Jon Schotz, Saybrook

The municipal bond market is booming in the US. Municipalities and other tax-exempt borrowers sold a record $31 billion of municipal bonds in September, and the 2007 totals are expected to exceed $420 billion. The appeal of the municipal bond market is predominantly two-fold for investors.