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Investors Want Municipal Bonds, But Issuance Is Rare

FYI: Municipal bonds are rallying, spurred by a broad surge in demand for global debt and a lingering decline in borrowing by state and local governments.

Investors have poured a net $47 billion into municipal bond funds during the first six months of 2019, a record for the first two quarters, according to Lipper data from Refinitiv. The bonds have provided positive returns, including price changes and interest, on the Bloomberg Barclays Municipal Bond Index every month since November 2018, the longest streak since the summer of 2016.
Regards,
Ted
https://www.wsj.com/articles/investors-want-municipal-bonds-but-issuance-is-rare-11563442202?utm_source=Daily+AR&utm_campaign=579fbbceb3-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_c08a59015d-579fbbceb3-144127017
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