Muni Bonds to Stay Cheap After Rate Cuts [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
(Bloomberg) -- Municipal bonds are looking attractive compared to taxable debt, with valuations at or close to their cheapest levels this year. Most Read from Bloomberg State and local government securities are poised to get even cheaper in coming months following the Federal Reserve's 50 basis point cut this week, according to strategists at Bank of America Corp., as well as Goldman Sachs Asset Management and Barclays Plc, who are advising investors that it might be a good time to buy. According to Bank of America strategists led by Yingchen Li, the current cheapening doesn't reflect weakness in the tax-exempt market but rather richness in the taxable space. Those valuations could shift if muni supply wavers. “If the new issuance calendar shows any signs of slowing off the torrid pace when Election Day approaches, we believe significant ratio richening should be expected,” wrote Li in a Friday note. “We continue to advise investors to take positions while the muni market ral
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News
- Bank of America Announces Full Redemption of Its Series Z Preferred Stock and Related Depositary SharesPR Newswire
- Bryant Park's Winter Village Returns This October [Forbes]Forbes
- Muni Bonds to Stay Cheap After Rate Cuts [BNN Bloomberg (Canada)]BNN Bloomberg
- Nike Stock Climbs as Wall Street Analysts Welcome a CEO Change [Yahoo! Finance]Yahoo! Finance
- Jim Cramer Says He'd Be a Buyer of Energy Transfer (ET) — Here's Why [Yahoo! Finance]Yahoo! Finance
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- 7/16/24 - Beat
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