BBF - High Yield Municipal Bonds: The Only Game In Town
The persistent clamor from investors seeking opportunity and direction this summer is set to become even louder. August is expected to bring with it an estimated (and significant) $51 billion in potential reinvestment demand from municipal bond holders. This means the supply/demand imbalance, in place for some time now, is likely in my view to continue to be favorable for municipal bond performance. We typically experience a larger disparity between supply and cash in June and July, but this year, August looks set to present the larger imbalance.
This may bode well for both investment