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Muni wave surge

edited February 2019 in Fund Discussions
https://www.advisorperspectives.com/commentaries/2019/02/22/muni-bond-sales-surge-as-issuers-ride-demand-wave?utm_source=commentaries_feed&utm_medium=rss&utm_campaign=item_link


Caveat emptor: current technical supply and demand flows favor issuers more than buyers. But diligent, disciplined investors can always find attractively priced, fundamentally sound bonds.

Municipal bonds have been on a tear so far in 2019, with surging investor demand readily greeting increased supply, in what appears to be more than the typical “January Effect.”


Is it too late to to get into the game?!
Anyone dumping munis?!

Comments

  • Yup. Ran the numbers with my new marginal tax rate and the spread between "similar" taxable and municipal funds.
    Exited VMSXX. Cut back on VMLUX and VWIUX.
    Initiated positions in VUSFX and VFSUX.
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