BAF - Muni Bond Perspectives On The 2020 Election

• In years with presidential elections, we take a deeper dive into how the national election could impact state and local governments.
• Political risk is also an important component of our analysis, as the political party makeup of the executive and legislative branches can have a large impact on municipal bonds.
• We think it is unlikely we'll see any additional aid ahead of the election, but post-election we think the potential rises, particularly if Democratic nominee Joe Biden wins in the US presidential race.
• Regardless of the November election outcome, we are prepared to take advantage of any changes to the muni bond market where we see potential investment opportunities.

For further details see: