Reported 28 days ago
Investors are keen to buy municipal bonds before a projected drop in supply due to upcoming elections, with JPMorgan and Baird highlighting this strategy. They anticipate tax-exempt issuance will decrease significantly, presenting a potential opportunity to invest before yields possibly fall by the end of 2024. While some firms express caution, others are actively participating in the market, as indicated by increased inflows into municipal ETFs.
Source: YAHOO