Reported 18 days ago
Municipal bonds fell sharply following Donald Trump's election as US president, as concerns mounted over his policies potentially increasing the budget deficit and igniting inflation. Benchmark municipal yields spiked, reflecting anxiety among investors who expect Trump's administration to affect fiscal strategies and borrowing practices. Analysts suggest that the market's response could lead to reduced demand for municipal bonds, especially if tax cuts are enacted, impacting their tax-exempt status.
Source: YAHOO