Tonya Chin

After another year of record low municipal bond interest rates, next year is expected to see a slight increase in yields, according to municipal research analysts.

B of A Merrill Lynch ranked number one among municipal bond underwriters of long-term issuance for 2012, with a total of $53 billion. Among financial advisors, Public Financial Management retained its number one spot.

This week, municipal bond funds saw their largest outflows since January 2011 and the fifth largest on record.

Charles Schwab announced Monday that it has joined with Piper Jaffray to provide clients access to Piper Jaffray's new issue municipal bonds through Schwab's BondSource Platform.