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 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.”
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.”