If the Fed cuts rates, yields will decline as bond prices rise. Expect a 10% return in munies.
Stock price when the opinion was issued
Pays great tax-equivalent yields. There's much more stability in municipalities than in other potential slowdowns.
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Newhaven Asset Management
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ETF Capital Management Inc.
5i Research
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If the Fed cuts rates, yields will decline as bond prices rise. Expect a 10% return in munies.