With tax-exempt yields at or near 2011 lows, investors have been balking at stingy nominal yields in recent weeks. But ­strategists say buying ­opportunities abound for those willing to buy lower-rated bonds.

The two-legged rally that began in January has pushed the benchmark 10-year yield down 83 basis points, according to Municipal Market Data’s triple-A scale.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.