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Posted by
Two Blokes Jun 23 -
Filed in
Stock
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3 views
We've expected credit spreads to deteriorate for quite some time. In our view, new economic data, a technical lag in spread activity, and the Iran war might consolidate the argument. While re-inflation risk has to be acknowledged, we think investors will stay in and migrate to higher-quality bonds from riskier assets. The iShares National Muni Bond ETF is a prime candidate, showing less spread risk than investment grade bonds and lower volatility than intermediate-term treasury ETF, IEF.
