May 11, 2021
The muni market has been heating up with a huge influx in cash and stimulus. Additionally, as concerns grow over Biden’s tax plan, demand grows for the tax-free safe haven. This all came together to post a .8% return for the month of April according to Bloomberg bond indexes. There are concerns on the horizon with cities and states picking up debt growth. But expert analysts say the muni purchases will be strong and returns to follow suit. Additionally, rising interest rates tend to favor the muni bond market in comparison to treasuries, as their interest rates are less sensitive to Fed tightening. Analysts say that this combination of tax-free demand and interest rate sensitivity will insulate the Muni market.
(New York)
FINSUM + Magnifi: The muni market makes more sense than any other place in the bond market right now, tax-free investment could be king in the near future.
Other news today: Goldman Says Crypto is the Key to Stock Market Outperformance and Chinese Manufacturing Booms with Global Demand
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