UBS On-Air: Market Moves
Top of the Morning: Opportunities in high quality bonds
Nov 17, 2023
Kathleen McNamara, Senior Municipal Strategist Americas at UBS Chief Investment Office, discusses the recent volatility in municipal bond market and its impact on performance. She also highlights opportunities in high quality bonds issued by states, emphasizing long-term value for investors.
07:02
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Quick takeaways
- Volatility in yields has led to positive performance in the municipal bond market, with tax-equivalent yields still attractive.
- Investors can consider taxable strategies for saving taxes and focus on high-quality municipal bonds backed by state governments for good long-term value.
Deep dives
Performance and Market Update
In recent weeks, there has been volatility in yields, with a rally in the municipal bond market following a reversal in the 10-year benchmark government note. This has led to positive performance in municipal bonds, with tax-equivalent yields on offer still being attractive. Market technicals are expected to improve, which could lead to favorable performance in the near term.
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