Muni market volatility and yields have declined after spiking in April, helping muni funds to see strong inflows. Despite the rally, munis continue to underperform on a YTD basis. The Bloomberg muni index’s tax-equivalent yield in excess of 6.8% is still attractive, reflecting a buyer’s market.
Fixed income remains a hot topic, especially as markets continue to diverge with new legislation potentially on the horizon and a Fed that is paying very close attention to rates. UBS Trending host Anthony Pastore leads the discussion on how municipal bonds are positioned for what's ahead.
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