FYI: State and local-government bonds are headed for their strongest start to a year since 2014, propelled by an influx of cash into municipal-debt mutual funds as investors seek out tax havens and the Federal Reserve holds off on interest-rate increases.
The securities have returned 1.8 percent in 2019, putting them on track for the best first-quarter showing in five years. That’s roughly double the gain for Treasuries, according to Bloomberg Barclays indexes.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-03-18/salt-fed-drive-municipal-bonds-to-best-yearly-start-since-2014
