The growing demand for tax-exempt bonds with attractive yields that began in 2020, continues to be a theme into the early part of the new year on the buy side of the municipal market. “The entire story year to date is the continued vibrant demand for bonds with yield,” Tom Doe, president of Municipal Market Analytics, said on Wednesday. “Credit concerns have been pushed aside, presumably because of optimism for a return to normal with vaccine rollout and the support from the Biden relief packages.”
Source: Bond Buyer.
