Fixed Income Manager Sees Opportunity: Masters of the Muniverse
FICC Focus
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The Future of Municipal Bonds
I want to pivot a little bit away from credit and just sort of bring the conversation back to structure. And I think Matt touched on earlier, you know, with the signature Valley portfolio that low coupon structures are, are not in vogue. Unfortunately, since the tax all changed, a lot of these municipalities haven't been able to query fun out to 25, 26, 27 and really clean that area up. So we've been looking for a little longer call and a very short call to deploy money into here recently.
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