June 03, 2020
US Municipals: A Tale of Two Markets and a Knight in Shining Armor
Mark Paris. CIO Head of Municipals and Tim Spitz. Product Director.
The municipal bond market has seen a nice recovery in investment grade names over the last few weeks. Yields on investment grade municipal bonds have recovered to roughly where they started the year, though they are still above the lows reached prior to the pandemic in early March. However, yields on high yield municipal bonds are still well above the levels reached at the beginning of the year and the lows set before the pandemic. We believe this presents an opportunity to be taken advantage of by active managers.
Find out more about what these opportunities are, and what they mean for you.
