In this commentary, Kenneth Potts and Bryan Laing, CFA, review the first quarter of 2019 and examine our outlook and positioning for the months ahead.
Overview of 1st Quarter:
- Treasuries rally sharply after Fed takes a dovish turn
- Municipals outperform Treasuries on strong demand
- Opportunity develops to implement a "crossover trade"
- Noteworthy developments from the Puerto Rico restructuring
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.