2024-05-14 12:30:00 ET
Summary
- Investment grade municipal bonds returned -0.39% for the first quarter of 2024.
- High yield municipal bonds posted a gain of 1.51%, benefiting from investors’ appetite for yield.
- Municipal bonds outperformed many other fixed income assets during the quarter, including US Treasury securities and investment grade corporate bonds.
By Stephanie Larosiliere, Head of Municipal business Strategies and Development, & Mark Paris, Chief Investment Officer, Head of Municipal Strategies, Invesco Fixed Income ...
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U.S. Municipal Bond Quarterly market Recap And Outlook