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Munis poised for big year in 2020 By Aaron Weitzman Munis finished above $400 billion for the fourth time since 2010 and fourth time in the past three years.
@_stillers sorry sir thought I read it earlier just a glimmer
Basically author thought 2020 would be a big year for muni bonds since chance defaults still low There are still risks w possible raised interest rates , 2020 elections and tax issues but overall mini bonds markets still very atrractive
@stillers - I pulled this off Fidelity's Fixed Income research site:
"Municipal bond volume will finish the year above $400 billion for the fourth time since 2010 and third time in the past four years. “Considering how slow the year started, no one had that number or thought we would get there,” said one New York trader. “We were one pace for only about $330 billion six months in and then boom, all of a sudden all the taxables hit and here we are.” The muni market saw $433.27 billion back in 2010, $444.79 billion in 2016, and a record high $448.61 billion in 2017. “Expectations are high for next year volume wise,” he said. “Buyers should still be eager to buy munis as a true taxes safe haven, with principal, interest and callable bonds that should amplify demand as well. Munis are poised for another big year." There are no deals on the calendar until the week of Jan. 6. The New York MTA is scheduled to sell $1.5 billion in two separate competitive sales on Monday, Jan. 6. They are then scheduled to jump back into the market on Thursday, Jan. 9 when the authority is expected to sell a total of $939.555 million of green bonds in three separate sales."
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Basically author thought 2020 would be a big year for muni bonds since chance defaults still low
There are still risks w possible raised interest rates , 2020 elections and tax issues but overall mini bonds markets still very atrractive
"Municipal bond volume will finish the year above $400 billion for the fourth time since 2010 and third time in the past four years.
“Considering how slow the year started, no one had that number or thought we would get there,” said one New York trader. “We were one pace for only about $330 billion six months in and then boom, all of a sudden all the taxables hit and here we are.”
The muni market saw $433.27 billion back in 2010, $444.79 billion in 2016, and a record high $448.61 billion in 2017.
“Expectations are high for next year volume wise,” he said. “Buyers should still be eager to buy munis as a true taxes safe haven, with principal, interest and callable bonds that should amplify demand as well. Munis are poised for another big year."
There are no deals on the calendar until the week of Jan. 6. The New York MTA is scheduled to sell $1.5 billion in two separate competitive sales on Monday, Jan. 6. They are then scheduled to jump back into the market on Thursday, Jan. 9 when the authority is expected to sell a total of $939.555 million of green bonds in three separate sales."