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Munis Back in Black in June Amid Big New Issues.
- Source :
- Bond Buyer; 6/24/2024, Vol. 396 Issue 36129, pCover-2, 2p, 1 Color Photograph, 1 Graph
- Publication Year :
- 2024
-
Abstract
- Municipal investors can expect over $12 billion of bonds this week as issuers continue to offer primary offerings in a steadier market. Municipal bonds have outperformed other fixed-income asset classes, making them more attractive than taxable counterparts. Despite concerns about current valuations, tax-exempt munis are still considered an attractive investment compared to other asset classes. Mutual funds have seen inflows, particularly in high-yield funds, as investors reach for higher-yield paper. Credit spreads have tightened, but there is still some potential for upside. The macro environment is favorable for the muni market rally, especially for high-grade bonds. However, there are some concerns about economic performance in the second half of the year. Overall, the muni market is expected to continue moving sideways, with potential for a better entry point in the future. High-yield munis have performed well, outperforming other asset classes. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 07320469
- Volume :
- 396
- Issue :
- 36129
- Database :
- Complementary Index
- Journal :
- Bond Buyer
- Publication Type :
- Periodical
- Accession number :
- 178032742