Elevated Tax-Exempt Yields Boost Muni Appeal
Attractive tax-exempt muni yields present compelling opportunities for investors to enhance income and diversification.
Source: Morningstar and Bloomberg as of 6/30/2024. Average returns based on 12-month returns following Fed rate cycle changes using monthly data since 12/31/1982. Returns for periods longer than one year are annualized. Money Markets, Short-Term Bonds, and Intermediate Core Plus Bonds are represented by Morningstar mutual fund category averages. Past performance does not guarantee future results.
Attractive tax-exempt muni yields present compelling opportunities for investors to enhance income and diversification.
The Federal Reserve has stated its intent to keep rates in their normalized range, which may make now a good time to allocate to fixed income.
With the tightening cycle likely complete and rising potential for several rate cuts this year, now may be a good time to allocate to bonds.
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