Summary
- In years with presidential elections, we take a deeper dive into how the national election could impact state and local governments.
- Political risk is also an important component of our analysis, as the political party makeup of the executive and legislative branches can have a large impact on municipal bonds.
- We think it is unlikely we’ll see any additional aid ahead of the election, but post-election we think the potential rises, particularly if Democratic nominee Joe Biden wins in the US presidential race.
- Regardless of the November election outcome, we are prepared to take advantage of any changes to the muni bond market where we see potential investment opportunities.
Seeking Alpha
Oct. 14, 2020