Municipal Bond Values Have Improved Relative to Corporates Amid Rates Market Volatility
• Factors like anticipated tax policy changes and demand had some impact on municipal bond volatility at the end of 2016, but were a relatively minor cause.
• Broader rates volatility is more to blame for yields rising for munis at the end of 2016.
• Through the volatility, the relative value of A-rated municipal bonds has recently improved compared to similarly rated corporate bonds.
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masonmary591 Joined: Oct-30-2015 |
