John Flahive, head of fixed income at BNY Wealth, spoke with CNBC about opportunities in municipal bonds.
Investors who want to lock in income for a long time should take a look at a slice of the municipal market that is often ignored, according to the bond chief at BNY Wealth. Municipal bonds are debt issued by state and local governments and related entities to fund their spending. While the bonds usually pay lower nominal yields than corporate bonds with the same credit rating, they can also be tax exempt for some investors, raising their effective yield.
"I still find a lot of opportunities in the long-end of the curve, especially, I've been telling our clients, the 15- to 20-year part of the curve is kind of interesting to us," Flahive added. Locking in higher yields over a long period of time could be particular attractive to investors right now, with the Federal Reserve widely expected to begin cutting interest rates later this month.
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