Municipal Fixed Income Investment Strategy, October 2024
October 14, 2024 — Sage provides an outlook for the municipal market, including our sector views and positioning and the key themes we are following.
Key Themes
- The municipal market continues to be characterized by broad-based credit strength, positive direct and indirect fund flows, and an attractive after-tax yield environment.
- Several seasonal factors will define the fourth quarter, contributing to varying levels of liquidity and the potential for short-term volatility swings.
- Sage has a slightly long duration tilt for all our investment strategies, and if rates decline, Sage’s barbell allocation should mitigate the challenge of an inverted 2s5s yield curve while providing a better return profile.
Featured Insights
Taxable Strategies
Sage Fixed Income Overview
Municipal Fixed Income
Municipal Fixed Income Perspectives — October 2024
October 8, 2024 -- This presentation provides an overview of our municipal market outlook and key themes, and it illustrates how Sage is positioned in the current environment.
Fixed Income
Yields Rise as Strong Labor Markets, “Goldilocks” Economy in Focus
October 7, 2024 -- Long-term US Treasury yields rose last week as investors digested mixed economic data that reinforced the idea of a "Goldilocks" economy...