BofA sees 'golden decade' for U.S. municipal bond market under Biden

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Massive fiscal aid, potentially huge infrastructure spending and the prospect of federal tax increases under President Joe Biden's administration will boost the U.S. municipal bond market in coming years, a BofA Global Research report said on Friday.

FILE PHOTO: U.S. President Joe Biden speaks to reporters as he holds his first formal news conference in the East Room of the White House in Washington, U.S., March 25, 2021. REUTERS/Leah Millis

The market is already cheering the $1.9 trillion fiscal stimulus plan Biden signed into law on March 11, with $350 billion heading to states and local governments to help with lost revenue and higher costs due to the COVID-19 pandemic. Aid was a factor in decisions this month by S&P Global Ratings and Moody’s Investors Service to revise the credit outlook to stable from negative for the state and local government sectors.

“Added to this is the potential benefit from tax changes that, on balance, should increase demand for munis,” BofA said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him johnteddy63 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

Bofa deez nuts

이혼? 죽어서는 남자는 혼자의 제삿밥을 먹는듯--울면서? 웃는남자의 여성편력?-지난 여자의 흉과욕을 더불어 여자는 여기저기 얻어 먹는듯(남성편력) 여기저기떠도는 혼자의 여자의 망령이 이혼후라도 올바른듯--남자를 잘못만난 푸념뿐 한국의 올바른 문화가 되는지?

Meanwhile:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines