MMU - Wave Bye To Blue Wave - Bonds

November, 07 2020 08:03 AM Western Asset Managed Municipals Fund Inc.

The White House is still not decided.
This was "prime time" for the blue wave conversations entering the bond market.
Municipal bonds aren't hurt as much as they are not helped.
A second stimulus bill that would include additional aid for state and local governments will be harder to come by with the House and Senate in control of different parties.
The higher income taxes that we assume will be coming under either Biden or Trump would come faster under Biden but are less likely with a divided Congress.

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Company Name:	Western Asset Managed Municipals Fund Inc.
Stock Symbol:	MMU
Market:	NYSE