Munis/S&L tax exempt
Our Portfolio Allocation Summary for January 2024.
Our Portfolio Allocation Summary for December 2023.
Our Portfolio Allocation Summary for November 2023.
We present our Portfolio Allocation Summary for October 2023.
Our Portfolio Allocation Summary for September 2023.
High-Yield municipal bonds have performed well in recent years, but valuations are now stretched. We recommend an underweight allocation, though we prefer high-yield munis over high-yield corporate bonds.
Our Portfolio Allocation Summary for August 2023.
While excellent state & local government balance sheet health will remain a tailwind for muni returns, poor valuation prompts us to downgrade the sector from overweight to neutral.
This week we present our Portfolio Allocation Summary for July 2023.