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Pays great tax-equivalent yields. There's much more stability in municipalities than in other potential slowdowns.
Stock price when the opinion was issued
As of Aug 19, 2026. Market Open.
Bonds are going to be a challenged asset class. Don't run out and sell. Challenges worldwide with government debt and deficits in Canada/US. Bonds will have a tough time delivering more than the cost of inflation.
If the Fed cuts rates, yields will decline as bond prices rise. Expect a 10% return in munies.
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Pays great tax-equivalent yields. There's much more stability in municipalities than in other potential slowdowns.