July 8, 2020 – Data by JP Morgan and Bloomberg found that taxable municipal bonds returned 8.5% in the first half of 2020, outperforming many asset classes including U.S. agencies, mortgage backed securities and investment grade corporate debt.<\/p>\n\n\n\n
The only two asset classes that bested taxable municipals were the NASDAQ-100 and U.S. Treasuries.<\/p>\n\n\n\n
Tax-exempt investment grade munis returned 2.1% on a gross basis and 3.5% on a tax-equivalent basis.<\/p>\n\n\n\n
Returns include coupon and price changes. The list of returns by asset class is provided below:<\/p>\n\n\n\n
NASDAQ-100 – 16.9% Contact Jenny Lee at JLee@buymuni.com. July 8, 2020 – Data by JP Morgan and Bloomberg found that taxable municipal bonds returned 8.5% in the first…<\/p>\n","protected":false},"author":2,"featured_media":701,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8,13],"tags":[],"class_list":["post-880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","category-markets","wpcat-8-id","wpcat-13-id"],"jetpack_featured_media_url":"https:\/\/buymuni.com\/wp-content\/uploads\/2020\/01\/20200114-BM-MuniBonds.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/880","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=880"}],"version-history":[{"count":1,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/880\/revisions"}],"predecessor-version":[{"id":881,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/880\/revisions\/881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/media\/701"}],"wp:attachment":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
U.S. Treasury – 8.7%
Taxable Municipal – 8.5%
<\/strong>U.S. Agency – 5.1%
U.S. Investment Grade Corporate Debt – 5.0%
Tax-Exempt Municipal – 3.5% tax-equivalent return (assumes 40.8% federal rate)
<\/strong>U.S. Asset-Backed Securities – 3.3%
Tax-Exempt Investment Grade Municipal – 2.1% gross return<\/strong>
Muni High-Yield – (2.6%)
S&P 500 – (3.1%)
Dow Jones Industrial – (8.4%)
Russell 2000 – (13.0%)<\/p>\n\n\n\n
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