Andy Blocker, Head of US Government Affairs, Stephanie Larosiliere, Head of Municipal Business Strategies and Development and Tim Spitz, Product Director at Invesco weigh in on U.S. election results and its impact on the municipal bond market.
After months of speculation surrounding the results of the U.S. election, the picture is now much clearer. Joe Biden will assumedly become the next president of the United States, while the senate will likely maintain a slight republican majority, pending the results of the two Georgia senate runoff races in January. Although the election results provided some clarity, major question marks remain around the deployment of additional fiscal stimulus, the longterm health of local governments and the U.S. economy as a whole , rising debt, and concerns over new waves of COVID-19 cases around the world.
Invesco’s team of experts review the highs and lows of the municipal bond market over the last seven months and point to key areas of opportunity going forward. Invesco aims to construct portfolios with a strong emphasis on higher tax-exempt yields and long-term total returns.
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Invesco discusses the municipal market post election, the effects of the pandemic on the market in 2020 and where we currently see opportunities in the tax-exempt market.