The Latest: Municipal Strategy Report - April 2019
GDP Release Increases Risk, Complicates Fed’s Job
In this month's Municipal Strategy Report we analyze if favorable adjustments leading back to more balanced growth may take longer than anticipated in the wake of strong first quarter GDP report, leaving the economy more vulnerable to any global shocks that may arise.
Additionally, the MSR features:
- "Forward Rates and Bond Total Returns”, which evaluates if the 2-yr Treasury is currently overpriced.
- "Taxable Munis--Valuable Component of Well Diversified Portfolios", an analysis of relative attractiveness of taxable munis using modern portfolio theory.
- "Flooding Impacts Midwest and Plain States", which looks at near-term flooding risk across the country and its potential impact on credit quality of affected areas.