(Harvest) As we kick off the historically positive summer months for the muni market, investors could see higher returns — but may have a hard time finding bonds. The passage of Memorial Day has officially ushered in summer: the season of backyard barbecues, pool parties and municipal bond redemptions. The three months beginning in June are often characterized as a heavy reinvestment period — the municipal market finds itself awash with cash as bonds mature, pay coupons or get called.
Is The Muni Bond Market Positioned For Its Moment In The Sun?
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