5.5.20 How Municipal Bonds May Weather the Storm
Like other areas of the economy, the finances of states, counties, cities, and towns have been heavily impacted by efforts to contain the COVID-19 pandemic. The disruption has raised concerns for municipal bond (“muni”) investors. As shown in the LPL Chart of the Day, municipal bond yields, a measure of risk, have started to rise again compared with similarly dated Treasuries after looking like they were trending downward.
“Municipal bond investors are concerned and rightfully so,” said LPL Financial Chief Investment Officer Burt White. “And state and local governments are facing nearly
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