With the Federal Reserve rate cutting cycle expected to begin and the election more than a month away, now could be a good time to invest in municipal bonds.
Certain provisions in the Tax Cuts and Jobs Act, or TCJA, will expire at the end of 2025 unless Congress acts.
"That's actually very good news for municipals, because the municipal exemption just becomes worth that much more," said Nuveen's Dan Close. With the Federal Reserve rate-cutting cycle expected to begin and the November election just around the corner, now could be a good time to invest in municipal bonds. For one, they are a way to lock in yield as interest rates fall. "Municipals are a great way to do that, given the tax-exempt nature, and given that a lot of municipals are longer maturity and longer duration," said Matthew Norton, chief investment officer for municipal bonds at AllianceBernstein.
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