Municipal Fixed Income Investment Strategy, August 2024
August 9, 2024 — Sage provides an outlook for the municipal market, including our sector views and positioning and the key themes we are following.
Market Outlook
- Despite the recent rally, municipal bonds offer attractive relative yields and provide a defensive posture if we enter an economic slowdown.
- Late growth cycle periods that shift suddenly to an economic slowdown favor longer duration strategies, which enable the most optimal curve allocation as a barbell strategy can be full implemented.
- Both general obligation and revenue sectors are solid from a fundamental credit standpoint as revenues remain elevated even as the overall economy begins to cool.
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July 17, 2024 -- Sage provides an outlook for the municipal market in the second half of 2024, including our sector views and positioning and the key themes we are following.
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Fixed Income Perspectives — July 2024
July 19, 2024 -- This presentation provides an overview of our market outlook and key themes, and it illustrates how Sage is positioned in the current environment.