3min chapter

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Episode 35: A Deep Dive into Municipal Bonds

Guggenheim Macro Markets

CHAPTER

What Is Cheating and What Should We Buy?

Most state and local governments have at least a year and a half worth of surplus in the two versus what the projected budget deficits would look like. I think we will be fine for the next 12-18 months, once reserves have been somewhat used up. The sector that combines those two attributes right now are the low coupon tax bonds that are rated AAA or AA between 15 to 25 years of maturity.

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