Taxable municipal bonds: Finding new growth
February 27, 2019
With holdings of US taxable municipal bonds by non-US investors doubling since 2009, according to Federal Reserve data, the municipal debt market in the United States has indeed become global since the end of the financial crisis. In this paper, Taxable municipal bonds: Finding new growth after the financial crisis, Greg Gizzi, a senior portfolio manager and head of municipal bonds, examines traits of this part of the debt market, post-financial crisis programs that set the stage for increased global interest particularly offshore, and various catalysts that may spark continued growth.
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IMPORTANT RISK CONSIDERATIONS
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