Municipal 1Q21 Market Review & Outlook

April 14, 2021 — For the first quarter of 2021, the municipal market experienced another sell-off, but instead of economic panic, it was due to an economic boom and record fiscal support that increased inflation expectations. Since municipal valuations remain at or through fair value, Sage has focused on maximum tax-free income, solid credit fundamentals, and favorable risk-adjusted returns.

  • DATE: April 14, 2021
  • TYPE: PDF

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