Record-setting muni issuance pauses post-election
Muni issuance pauses post-election, but reinvestment demand typically increases near year-end.
Muni issuance pauses post-election, but reinvestment demand typically increases near year-end.
The recovery in the municipal bond market continued in the third quarter as munis outpaced U.S. Treasuries and the broader taxable bond market.
Municipal bond funds rebounded in the second quarter as investors returned to asset classes they abandoned early in the pandemic.
Tax-free muni strategies may provide a competitive yield, and preserve capital, whether economic growth accelerates or remains slow.
The municipal bond market will likely see a reduction in supply in 2018 because of certain provisions in the new tax reform law.