Fiera Capital Tax Efficient Fixed Income 4Q17 Commentary

The commentary reviews the previous quarter and discusses our outlook for the months ahead.

Commentary Highlights

• The implications of the new tax plan for municipal bond credit, relative value, and issuance.
• A glut of issuance at year end as issuers rushed to market ahead of tax developments.
• Fed update: New Fed Chair is expected to take the helm after 3 rate hikes in 2017.

Please click here to read the commentary.