Tyler Cralle

Municipal Bonds Starts 2021 Strong

The municipal bond market is starting 2021 on a strong note thanks to strong demand, limited supply, and expectations of fiscal relief for state and local governments (Barrons)

New-issue volume so far in 2021 has been about $3 billion, about half the pace of the weekly pace of 2020.

One portfolio manager tells Barron’s that demand is strong as bondholders reinvest Jan. 1 interest payments and as investors anticipate relief from Washington for strapped municipal-bond issuers and the possibility of higher federal income taxes, which would increase the appeal of munis relative to Treasuries and other taxable debt

Tyler Cralle is the founder and host of the Markets & Mortgage podcast and newsletter available each and every weekday morning
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