Mark Paris. CIO Head of Municipals; Tim Spitz. Product Director.
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. 

Read the paper to learn more

Investment risks

  • The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

Important information

  • Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals, they are subject to change without notice and are not to be construed as investment advice.