Effects of coronavirus (COVID-19) on the muni bond market
What are your views of the municipal bond market in the wake of the coronavirus (COVID-19)?
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.”