What to know about munis heading into Fed tightening
A look at recent monetary policy cycles to glean insights about munis heading into Fed tightening.
Author: Paul M. Drury, CFA, Portfolio Manager, and Garrett L. Hamilton, CFA, Portfolio Manager
State financial health adds to muni appeal
State financial health has improved as tax receipts rebound and states receive sizable federal aid.
If taxes go higher, will munis be hurt?
The Administration’s recent plan would increase the highest marginal income tax rate but would not likely impact muni yields.
American Rescue Plan strengthens state and local finances
The American Rescue Plan Act provides billions in federal stimulus to states and local governments.
Massachusetts budget taps rainy day fund, federal aid
The Governor of Massachusetts introduced a budget proposal that includes a withdrawal from the state’s rainy day fund and federal aid to balance the budget.
Munis in demand with new taxes possible
Demand for municipal bonds continues to be robust in 2021.
New York confident about recovery
New York leaders are confident about the state’s economic recovery.
California budget outlook brightens
With revenues coming in higher than projected, the outlook for the California budget is positive in the near term.
Record-setting muni issuance pauses post-election
Muni issuance pauses post-election, but reinvestment demand typically increases near year-end.