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Muni Bonds Buck the Trend

July 17, 2018 : Permanent Link

(Harvest) Muni bonds rewarded investors with an unexpected positive return in June (+0.13%), against the odds that a stark pickup in supply would saturate the market as history suggests for this time of year. The market’s persistently strong technical environment provided solid footing for muni bonds to benefit from interest rates remaining range-bound amid geopolitical uncertainty and mounting fears around the impact of international trade wars . (Bond prices typically move inversely with interest rates.

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