RT Journal Article
SR Electronic
T1 Municipals as an Asset Class
JF The Journal of Investing
FD Institutional Investor Journals
SP 84
OP 91
DO 10.3905/joi.2005.517178
VO 14
IS 2
A1 Pavan Wadhwa
YR 2005
UL https://pm-research.com/content/14/2/84.abstract
AB This article discusses various aspects of the municipal market, including size, investor client base, and issuance trends. It examines the general market behavior of municipals relative to taxables and how to best hedge cash bond as well as recent relative value opportunities in the market, their risk and reward profile, and how a portfolio manager might have taken advantage of them.