BlackRock Inc. strategists say it’s time to buy municipal bonds as supply is ample and prices are favorable ahead of the summer.
Munis have weathered a number of challenges including rising interest rates, tariff chaos, US deficit concerns, a hawkish Federal Reserve and the US losing its last top credit rating, according to strategists led by Patrick Haskell in a Tuesday note.
In May, state and local government debt outperformed Treasuries delivering a total return of .06%, compared with a loss of 1.03%, according to data compiled by Bloomberg.
Bloomberg Markets
By Elizabeth Rembert
June 10, 2025