Municipal or Taxable Bonds for High Net Worth Investors?

May 08, 2019 | Ben Mohr, CFA, Senior Research Analyst, Fixed Income, Aimee O’Connor, CFP®, Senior Vice President

Municipal bonds remain attractive and still make sense for high net worth investors on a go-forward basis even in the wake of the Tax Cuts and Jobs Act that went into effect in 2018 and the spread-widening that we experienced in the credit markets during the fourth quarter of 2018. This research brief compares the current state of municipal bonds versus taxable bonds, including:

  • The Municipal/Treasury Ratio
  • A Comparison of Long-Term Historical Returns
  • Tax-Equivalent Yields

Read > Municipal or Taxable Bonds for High Net Worth Investors?

The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.

Ben Mohr, CFA
Senior Research Analyst, Fixed Income

Get to Know Ben

Aimee O’Connor, CFP®
Senior Vice President

Get to Know Aimee

Related Content

05.15.2019

Are Low Default Rates a Reason to Reach for Higher Yields?

As indicated in Moody’s 2018 Annual Defaults Report, recent default rates on corporate debt have been significantly below long-term historical…

Hedge Fund Favorites Rebound to Start 2019 chart of the week

05.07.2019

Hedge Fund Favorites Rebound to Start 2019

This week’s chart shows the performance of Goldman’s portfolio of hedge fund favorites, which draws from over 800 fundamental-driven hedge…

U.S. Equities Rally as Outflows Persist chart

05.02.2019

U.S. Equities Rally as Outflows Persist

This week’s chart looks at Morningstar fund flow data among the broad category groups of U.S. equity, international equity, taxable…

IPOs Are Coming chart showing recent share prices since Pinterest, Lyft, and Zoom went public

04.25.2019

IPOs Are Coming

This year has seen a burst of unicorn IPOs paving the way for Uber’s IPO later this year. While Lyft,…

04.18.2019

Global Central Banks React to Slowed Economic Momentum

In 2017 the global economy underwent a synchronized move upward and investors saw equities throughout the world generate double-digit returns….

04.16.2019

First Quarter Review of Asset Allocation

Heading into 2019, the primary risks facing financial markets were the trade war with China, the U.S. government shutdown, Brexit…

More articles

Subscribe to Research Email Alerts

Research Email Alert Subscription

Research alerts keep you updated on our latest research publications. Simply enter your contact information, choose the research alerts you would like to receive and click Subscribe. Alerts will be sent as research is published.

We respect your privacy. We will never share or sell your information.

Thank You

We appreciate your interest in Marquette Associates.

If you have questions or need further information, please contact us directly and we will respond to your inquiry within 24 hours.

Contact Us >