funds

Should you consider municipal bond funds?

Transcript

Greg Davis: Paul, it is fantastic to have you below currently to chat to our purchasers about what’s been happening in the municipal bond market. You know, we have viewed a rather substantial quantity of problem all over liquidity circumstances in the marketplace. Appreciate to get your viewpoint on what you men are observing as the head of the municipal bond group.

Paul Malloy: Confident. So what we’re observing is a rather fast rate adjustment just as we have viewed in numerous other marketplaces. And portion of that in the municipal market is thanks to the quite wealthy concentrations we went into this at. And on the other side is investors needing income for many explanations these kinds of as rebalancing into equity portfolios. And you’ve obtained some other shorter-term gamers in the municipal marketplaces that are demanding liquidity. So what that has accomplished is place some pressure on

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