Credit quality in the muni market likely has peaked, but we believe states' strong rainy-day funds and other attributes will lend stability in the near term.
We see potential opportunity in municipal bonds in 2024, although there may be more volatility.
With the Federal Reserve poised to change direction, investors who have been investing in very short-term securities may soon face "reinvestment risk."
Certificates of deposit (CDs) and Treasuries both can offer steady, predictable investment income—but how to decide between them? Here are five factors to help you choose.
Taxable municipal bonds may be an attractive option for investors in lower tax brackets, but there are things investors should know before making a decision.
During the past decade, a turnaround in the Golden State has resulted in higher credit quality for many issuers.
There are multiple factors to consider, including your tax rate.
Given attractive yields and strong credit conditions, we have a positive view on the municipal bond market for the second half of the year.
Although investing in in-state municipal bonds may have tax advantages, there can be good reasons to buy out-of-state munis.
For the first time in a long time, muni investors may be able to earn attractive yields without having to take undue risk.
Short-term bonds currently offer higher yields than longer-term ones, but there are risks in holding only short-term bonds.
Municipal bonds acquired at too deep a discount could be subject to an additional tax, known as the de minimis tax, which would take a bite out of the after-tax return.
Unfunded pensions for state and local governments were once expected by some to sink the whole market.
The Federal Reserve has indicated it plans to start raising short-term interest rates soon.
Given all the municipal bonds to choose from, how do you decide which ones should make up the core of your portfolio? With $3.9 trillion of muni debt outstanding1 spread among tens of thousands of issuers, the choice may seem daunting, but we’ll help you break it down.
Current low yields and tight spreads in the municipal bond market have made it difficult for investors to find opportunities to earn attractive interest income on their investments. We expect that to change in 2022.
How do you choose between corporate and municipal bonds? Both have characteristics that can be useful in your portfolio, depending on your goals and circumstances, but they’re not right for every situation.
More than 75% of the West is in an extreme or exceptional drought, with over 58 million people living in a drought area—and expectations are that it will get worse.
In a complete reversal from what was expected roughly a year ago, the outlook for muni issuers is much brighter.
The COVID-19 crisis opened up cracks in the muni market, but we don’t expect those cracks to alter the reality that municipal bonds can be a relatively conservative investment option. Many municipalities are under stress, but that’s not a reason to avoid munis, in our view.
Given all the municipal bonds to choose from, how do you decide which ones should make up the core of your portfolio? With $3.7 trillion of muni debt outstanding1 spread among tens of thousands of issuers, the choice may seem daunting, but we’ll help you break it down.
We expect the municipal bond market to return to a sense of normalcy in 2021.
The transportation sector in the municipal bond market faces significant headwinds as a result of the COVID-19 pandemic.
Prior to Hurricane Laura making landfall in Louisiana and the wildfires in California and parts of the West igniting, the U.S. had already experienced 10 different billion-dollar natural disasters this year.
There’s a small portion of the bond market that investors may have overlooked in the past, but should now consider—the taxable municipal bond market.
The first half of 2020 was dominated by the COVID-19 pandemic, which hit the municipal bond market hard. State and local governments experienced a sharp and sudden drop in revenue, and an increase in expenses, amid stay-at-home orders and business shutdowns.
As the economy reopens from COVID-19 restrictions, a question looms: What will colleges and universities look like come fall? Will students return to a more normal on-campus learning experience, some form of online experience, a combination of both … or will they simply not return?
Investors often think of municipal bonds, which are sold by local and state governments to fund public projects like building new schools and repairing city sewer systems, as being totally tax-free—but that’s not always the case.