Municipal 2Q21 Market Review & Outlook

July 14, 2021 — By the end of the second quarter, the municipal market fully recovered from 2020 Covid-19 lows and has now reached record levels in several areas. Both fiscal and monetary support, along with a consumer-driven rebound, contributed to a robust economic environment that drove asset prices higher across the board. Municipals outperformed most other fixed income asset classes, and muni high yield took top billing, leading to historically rich valuations.

  • DATE: July 14, 2021
  • TYPE: PDF

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