{"id":692,"date":"2020-01-03T11:00:00","date_gmt":"2020-01-03T16:00:00","guid":{"rendered":"https:\/\/buymuni.com\/?p=692"},"modified":"2020-01-03T11:21:25","modified_gmt":"2020-01-03T16:21:25","slug":"baml-recap-of-2019-it-was-a-rather-great-year","status":"publish","type":"post","link":"https:\/\/buymuni.com\/?p=692","title":{"rendered":"Bank of America Muni Recap for 2019: It Was A Rather Great Year"},"content":{"rendered":"\n<p>January 3, 2020 &#8211; In a report issued this morning by BofA Securities (&#8220;BAS&#8221;), analysts Yingchen Li and Ian Rogow provided a look-back of the year that just went by in munis:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>2019 was the third best-performing year since 2009, notching a 7.7% return not including taxes<\/li><li>When Federal\/Medicare taxes are included, the Muni Master Index returned 10.76% vs the ICE\/BofA U.S. Treasury &amp; Agency index return of 6.95% and Corporate Index of 14.23%<\/li><li>For NYC residents, NYC tax-exempt bonds returned 12.8% on an after-tax basis or 545 basis points hiher than U.S. Treasuries<\/li><li>For California Residents, California tax-exempt bonds returned 12.9%<\/li><li>Sectors BAS identified as &#8220;strong performing sectors&#8221; included the 22+ year maturity index, BBB-rated, high yield and tobacco bonds<\/li><li>Total issuance was $421 billion &#8211; led by education and general purpose related use of bond proceeds; as well as increased refunding issuance<\/li><li>Florida overtook Illinois within the Top Five state issuers (in order: California, New York, Texas, Florida and Pennsylvania)<\/li><\/ul>\n\n\n\n<p>To review the full report, contact your Bank of America wealth management representatives at 1-800-637-7455.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>Contact Kyle Skinner at KSkinner@buymuni.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>January 3, 2020 &#8211; In a report issued this morning by BofA Securities (&#8220;BAS&#8221;), analysts Yingchen Li and Ian Rogow&#8230;<\/p>\n","protected":false},"author":2,"featured_media":323,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[94,8,7,12],"tags":[],"class_list":["post-692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-dealer","category-investing","category-investor-outlook","category-issuers","wpcat-94-id","wpcat-8-id","wpcat-7-id","wpcat-12-id"],"jetpack_featured_media_url":"https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/2019-BOA.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=692"}],"version-history":[{"count":3,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/692\/revisions"}],"predecessor-version":[{"id":695,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/692\/revisions\/695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/media\/323"}],"wp:attachment":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}