muni bond ETFs

Anyone use these? Pros/cons? Recommendations? Is there screener anywhere? Thanks.

id be pretty wary of these. in times of market stress, muni etfs seem to dramatically outpace the broader market to the downside, which empirically makes complete sense.


check out HYD(muni) and JNK(corp). could trade opposite to equity indexes.

why would high yield municipals trade opposite to equity indexes? equities up, economy stronger, high yield municipals less likely to default, right? bear in mind the historical default rate for high yield municipals is considerably higher than the minisculue default rates - read GO defaults - that muni salesman like to quote to put buyers at ease. also, this sector has been bid up like crazy and has credit fundamentals that are much worse than your run of the mill state and local governments.