Risks assets have delivered very strong performance in recent months, notwithstanding last week’s volatility. At the same time, global bonds have not meaningfully sold off in this otherwise risk-on environment.
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Improving credit fundamentals, light tax-exempt supply and robust demand have driven the strong performance of municipal bonds in 2019.
Now is an opportune time for investors to reassess whether passive bond investing can deliver on their fixed income allocation objectives.
An interview with Scott Simon, the CIO of Colorado Fire & Police