Municipal bonds started 2016 strong, as slowing economic growth and sharp volatility in equities and oil sent investors into safe-haven assets. BlackRock's Municipals Team maintains a constructive outlook for the tax-exempt asset class, while cognizant of the potential headwinds.
Municipal bonds emerged as the top-performing fixed income asset class of 2015. With many of the underlying drivers still in place, Peter Hayes and Sean Carney discuss what investors might expect in 2016.
Puerto Rico's high-profile distress has been a source of conversation in the municipal space, but a lot has remained unsaid about today s muni bond market...until now. Peter Hayes says it here.
Peter Hayes discusses why keeping a keen eye on duration and credit risk is key.
Peter Hayes explores key factors that may support munis in a rising rate environment.
Peter Hayes discusses why Puerto Rico's woes are unlikely to prompt broader market turmoil.
Peter Hayes discusses the likely path forward for the commonwealth and the impact of default on the market for Puerto Rican debt.
Peter Hayes discusses the necessity of pension reform and what events will lead to progress in the space.
Peter Hayes comments on the slim likelihood of changes to the tax treatment of municipal income in the near future.
The municipal bond market posted a return above 9% in 2014, as the stars aligned in spectacular fashion for the asset class. Peter Hayes, Head of the BlackRock Municipal Bonds Group, offers his outlook for 2015.