Municipal Sector Market Review

Jan. 03, 2022 6:56 AM ET, , , , 12 Comments

Summary

  • The municipal sector continues to benefit from a strengthening credit environment and a supportive technical backdrop.
  • We discuss some of the key themes of the sector such as the impact of rising short-term rates on leverage costs, a low level of underlying yields and more.
  • We discuss the performance of the sector across different credit sub-sectors, investment vehicles and fund houses.
  • And highlight our stance in this sector via our Municipal Income Portfolio.
  • I do much more than just articles at Systematic Income: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Page of newspaper with words municipal bonds.

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This article was first released to Systematic Income subscribers and free trials on Dec. 28.

Tax-exempt municipal holdings form a core of many income portfolios. In this article, we touch on the performance of the sector in

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This article was written by

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ADS Analytics is a team of analysts with experience in research and trading departments at several industry-leading global investment banks. They focus on generating income ideas from a range of security types including: CEFs, ETFs and mutual funds, BDCs as well as individual preferred stocks and baby bonds.

ADS Analytics runs the investing group Systematic Income which features 3 different portfolios for a range of yield targets as well interactive tools for investors, daily updates and a vibrant community.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CMU, NMCO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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