Home>Tax-Exempt Bonds Delivery in May, Extend April’s Gains
Tax-Exempt Bonds Delivery in May, Extend April’s Gains
Perspectives Content Submission
Tue, 14 Jun 2011
The tax-exempt market notched another strong month in May as new issuance remained low and total supply appeared likely to remain scarce for the rest of the year. May’s total issuance was $21 billion — low by historical standards, but the first month since December 2010 to surpass $20 billion. Roug…
As economic concerns weighed, taxable- bond funds were the strongest asset gainers in May , but their inflows were only about half what they were the prior month, says Morningstar's Kevin McDevitt.
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.