Munis Outperform Treasuries as Tax Fears Mount: Weekly Update, 10/23/2020
Channel: Build America Mutual (BAM)
Date: 2020-10-23

Municipal yields outperformed the Treasury market despite a $19 billion + new-issue calendar, as institutional buyers pressed into the market to hedge against the prospect of higher tax rates under a Democratic presidential administration next year. BAM insured a record $711 million of new issues.

Please Note: These videos do not constitute individual investment recommendations or advice. Investors considering the merits of a particular debt issue should read the Official Statement prepared for it. If BAM insurance has been purchased for some but not all of the bonds being offered for sale, the Official Statement will identify which bonds are insured. For more information, please view our Terms of Use: http://buildamerica.com/terms-of-use