While recent headlines suggest municipal bonds are in danger of losing their federal tax exemption, we have seen this show before and believe the asset class will retain its tax-exempt status.
A stronger dollar and higher bond yields pressured gold prices in August. Emphases on technology, mining techniques and efficiencies and ESG-related subjects create opportunities in Australia.
The widely followed ICE AMT-Free US National Municipal Index is higher by 1.17% year-to-date, indicating 20-year high interest rates aren’t sapping muni bonds.