Buy municipal bond now, or wait for CD rates to increase?

We have 10,000 to invest, and were just offered a Vermont Municipal Bond at 4.36% for 17 years…wondering if it’s a good buy, or if it’s likely for CD rates to skyrocket soon as a result of the current banking situation? Investor is in late 40′s with moderate savings in place mostly in form of [...] http://bit.ly/jDFzgZ