Municipal Bond Forum
Market value of municipal bonds
When can we expect the market value of our municipal bonds to start rising? I know that we get face value when the bond comes due, but I was wondering when the value goes up.
James A. Klotz responds:
Timing is always difficult, but we think long-term rates will begin to decline when the Fed’s short-term rate hikes start to bite and slow the economy.
Meantime, I see you are taking advantage of the higher yields available today.
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