Summary
- Tax-exempt municipal bonds have had a tough ride since 2022; however, the sector enjoys a number of current and upcoming tailwinds.
- These tailwinds include a stabilization and likely increase in net income once the Fed starts to reverse the policy rate, likely further gains in the NAV and historically wide discounts.
- We also highlight what we are doing in our Income Portfolios as well as a number of funds we like.
- I do much more than just articles at Systematic Income: Members get access to model portfolios, regular updates, a chat room, and more.
Seeking Alpha
Apr. 05, 2023