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Here's why you should play municipal bond market

With over $6 trillion on the sidelines for retail investors, there is plenty of opportunity to buy in. One play that investors may overlook lies is the municipal bond market. Nuveen’s Head of Municipals Dan Close joins Catalysts to discuss the municipal bond market and what investors need to know about this sector. Close explains that the strength of municipals will also come down to election results: "We think certainly with the tax cut and jobs act expiring at the end of 2025, there is a prospect for higher taxes. And with the prospect for higher taxes, we think the muni exemption is worth just that much more given that we're likely going from a 37 to a 39.6% tax bracket. If we have a divided Congress, if we have whoever comes into the White House, this automatically extends and you have the prospect for higher taxes...We're certainly seeing this as a better opportunity set than really anything else in fixed income, given what the rates are on a tax equivalent basis." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino