Summary
- Despite the low interest rate environment, State and Local governments are reluctant to borrow for new money purposes.
- Demand continues to grow for tax-exempt municipal securities as supply shrinks creating enhanced value for investors.
- Europeans and a host of Japanese, Chinese and others have discovered a sovereign market (The United States Municipal Bond Market) almost as highly regarded as US Treasuries.
- There’s also a perfect storm of technicals to support the municipal investor.
Seeking Alpha
by Andres Capital Management
Registered investment advisor, debt, bonds, medium-term horizon
andresreview.com
Jun. 21, 2017 8:50 AM ET