Municipal Bond Forum
Effects of coronavirus (COVID-19) on the muni bond market
Q
What are your views of the municipal bond market in the wake of the coronavirus (COVID-19)?
A
James A. Klotz responds:
The municipal bond market is alive and well and almost regained the market values reached prior to the onset of the COVID-19 virus.
The Fed just announced it will be buying $500 billion of municipal debt, which should bolster the market even further, and we expect it will be back to normal much quicker than most expect.
At the same time, it’s important to note there is a rare, temporary opportunity that investors should know about. For more information, see our recent article, “Coronavirus Fallout and the Municipal Bond Market.”
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The responses provided in this forum are meant to address specific questions posed by investors about their municipal bonds and to provide market insight for our general audience. Please note, your investments, objectives, results and experience may differ significantly. Our answers and any potential strategies discussed should not be construed as a solicitation to buy nor sell any security or investment product. All investing entails risk.
