Sage Advice Municipal Market Monitor 4Q2009
During the first quarter of 2009 the market continued to provide positive returns across the curve as yields reached their lowest levels in over 20 years. New municipal issuance was $83.3 billion, just 1.9% behind the pace set in the 1st quarter of 2008. With the sharp decline in U.S. Treasury yields and the opportunity for higher after tax yields, municipal investors flocked to the tax efficient income of municipal bonds.
- DATE: December 31, 2009
- TYPE: PDF
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