In A Sea Of Negative Comments About The Muni Market, One Analyst Predicts A Comeback Year For 2013
Created: Monday, 25 February 2013 09:02
He identified five themes for the 2013 muni market. One is that the credit market has bottomed out.
Municipal and Treasury yield ratios have reverted back to pre-crisis historical averages. The shift to a defensive interest rate posture will cause income to drive returns.
Advance refunding based on IRS rules will accelerate during 2013. And the healthcare and airport sectors will outperform.
Tax law changes will benefit the healthcare municipal market. And more people flew in 2012 than ever before, a trend that is expected to continue in 2013.
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