Vance in InvestmentNews: Smart Money is Pouring into Fixed Income
Tighter yield spreads, market risk, and the threat of higher taxes are seen driving financial advisers toward bonds
That’s the sub heading of the InvestmentNews article. An excerpt:
"The 2019 tax season was an eye-opening one for many high-income earners, particularly in states like New York and California, given the $10,000 state and local tax deduction cap," Mr. Barse said. "We've seen a newfound appetite for municipal bonds given their tax-equivalent yield."
See Smart Money is Pouring into Fixed Income in InvestmentNews.