This article was released on April 11, 2017. Find our latest municipal fixed income insights here.
BMO Global Asset Management’s Muni Minute with Rob Wimmel, Portfolio Manager and Head of Municipal Fixed Income, covers the dramatic turnaround in the tax-free bond market since the fourth quarter of 2016. Despite a Federal Reserve rate hike and continued uncertainty out of Washington DC, municipal bond funds saw positive flows. Rob also provides a history lesson on the correlation between income tax rates and the relative value of municipal bonds.