Municipal Bond Market Insight - Reasons to be Cheerful
What were the key takeaways from last month’s numbers? Our muni specialists look back at the market’s performance and provide incisive commentary to help you make sense of what drove the market—and what may be on the horizon for muni investors.
Key takeaways from the latest edition:
Robust new issue supply continues and will set a new record this year.
Muni yields remain attractive despite positive mild year-to-date (YTD) total returns.
The steepness of the muni curve continues to invite investors to extend.
There have been numerous opportunities to harvest tax losses during this positive year.