Equities A case for long-term muni funds
The steepest yield curve in years may create compelling opportunities. For those able to extend duration, the long end of the muni market offers some of the most attractive yields seen in more than a decade.
Each month, portfolio managers Ronald Zibelli Jr. and Justin Livengood provide their latest views on markets and their impact on Invesco Discovery Mid Cap Growth Fund. Within each commentary, they offer insights on:
The steepest yield curve in years may create compelling opportunities. For those able to extend duration, the long end of the muni market offers some of the most attractive yields seen in more than a decade.
With a surge in leveraged spending, concentrated market leadership, and high forward P/E ratios, there’s a risk of overstretched valuations.
If the economy reaccelerates and the Federal Reserve continues cutting interest rates, we believe value stocks could be poised for a resurgence.
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