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.
Of the year, you know, consider if you are in the highest tax bracket, you're earning more than 6% on a taxable equivalent basis for an intermediate AA portfolio and more than 9% on the high yield side. If we have a divided Congress, if we have, uh, you know, whoever comes into the White House, this automatically extends and you have the prospect for higher taxes.
So a combination of I think a really good CP I report and again, good is just uh hitting expectations, the PP I revisions from yesterday, uh you know, a soft retail sales report, all that has been very good for fixed income.