2024-06-13 04:25:00 ET
Summary
- Surprises in the consumer price index diminished rally expectations and turned muni bond market performance negative.
- Historically, muni performance has tended to be positive in the summer, typically starting in May and lasting through August.
- Municipal credits are in good shape, with federal pandemic aid and healthy tax collections strengthening balance sheets.
By Tim Spitz, Head of Municipal Business Strategy and Development | Mark Paris, Chief Investment Officer, Head of Municipal Strategies, Invesco Fixed Income ...
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Is Now A Good Entry Point For Muni Bond Investors?