However very little has shaken our belief that the municipal fastened cash flow sector continues to be audio, despite legit revenue shortfalls and market response to political positioning as aspect of the legislative procedure in Washington. Furthermore, we continue on to assert that the municipal market now signifies an prospect for a lot of taxable investors in brokerage accounts.
Some reasons for our optimism:
- Default prices on expense-grade municipal bonds are historically extremely very low. When Vanguard thinks that the widening of municipal bond credit spreads is connected to investor sentiment on the implementation of federal federal government assist in