Higher for longer rates along with continued elevated muni issuance supply may mean attractive entry points for muni investors are here to stay for a bit longer. While reinvestment season is typically a slower time for new issuance, this year is an election year which may mean issuers will want to avoid the uncertainties that come with every election season. Though fund flows and rich ratios remain a concern, the asset class’s ability to provide low-risk tax-exempt income remains a key feature, especially if inflation pressures increase.
Joining hosts Eric Kazatsky and Karen Altamirano on the May edition of Masters of the Muniverse is Nisha Patel from Parametric. In this month’s episode we discuss the market outlook for the second half of the year and how technology overlays are driving Parametric’s strategies to help maximize returns.
May 28, 2024