Top 5 Municipal Market Insights
- Traditional tax-exemption persists, and we believe it’s as attractive as ever.
- Capitalizing on the supply wave will require seizing initiative in multiple ways.
- Selection comes to the fore of the investment grade market.
- The high yield market is likely to outperform investment grades again, despite historically tight spreads.
- The front end of the municipal yield curve should outperform cash-like instruments.
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