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BSMT - Municipal Mid-Year Outlook: End The Waiting Game
Invesco BulletShares 2029 Municipal Bond ETF
2024-07-11 01:50:00 ET
Summary
After a bumpy first half of 2024, the municipal bond market is starting to enjoy favorable tailwinds.
Municipal bond yields are among the highest levels they’ve been since 2011 and currently offer a 6.3% tax-equivalent yield, based on the top federal tax bracket.
While we wait for the Fed to act, we expect municipal market conditions to remain supportive, barring economic and other surprises.
By Matthew Norton & Daryl Clements
With high yields and compelling opportunities, we think the muni market looks exceptionally attractive today. ...