Day: April 5, 2020

Should you consider municipal bond funds?

Transcript

Greg Davis: Paul, it’s excellent to have you here today to converse to our customers about what is been taking place in the municipal bond industry. You know, we have viewed a quite major volume of worry all around liquidity problems in the market. Adore to get your standpoint on what you fellas are observing as the head of the municipal bond team.

Paul Malloy: Confident. So what we’re observing is a quite speedy selling price adjustment just as we have viewed in many other markets. And component of that in the municipal industry is because of to the quite wealthy levels we went into this at. And on the other side is investors needing dollars for several reasons these types of as rebalancing into equity portfolios. And you have got some other shorter-time period players in the municipal markets that are demanding liquidity. So what that has accomplished

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