Tighter yield spreads, market risk, and the threat of higher taxes are seen driving financial advisers toward bonds
That’s the subheading 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.