NMCO - Why Munis Should Hold Their Shine Amid Higher Rates
- Average yields on 10-year AAA muni bonds rose less than half that of Treasuries year to date and hover just below 1%.
- Municipals remain attractive due to a combination of prevailing tailwinds and long-term fundamental strengths.
- Muni bonds cover a wide range of maturities and quality, giving investors room to maneuver as conditions change.
- We believe an inflationary backdrop calls for diversifying into vehicles that complement muni bonds, such as Consumer Price Index swaps.
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Why Munis Should Hold Their Shine Amid Higher Rates