- 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.
For further details see:
Wave Bye To Blue Wave - Bonds