Tax Efficient Fixed Income 1st Quarter Market Commentary
April 15, 2019
In this commentary, Kenneth Potts and Bryan Laing, CFA review the first quarter of 2019 and examine our outlook and positioning for the months ahead.
Overview of 1st Quarter:
- Treasuries rally sharply after Fed takes a dovish turn
- Municipals outperform Treasuries on strong demand
- Opportunity develops to implement a ‘crossover trade’
- Noteworthy developments from the Puerto Rico restructuring