Original article by Christine Albano
Wesly Pate, Senior Portfolio Manager at Income Research + Management, shared his thoughts on market dynamics concerning municipal investors. Wesly noted that pockets of opportunity are present in municipals, and relative to other investment-grade asset classes, duration is well compensated for in the municipal market. Since he expects ratios to trend slightly lower from present levels by the end of the second quarter, Wesly suggests the timing is right for investors given the current window of opportunity.
