Municipal Bonds
Municipal Bonds: Worst Quarter in 40 years
Over the course of the first three months of 2022, municipal bonds have experienced their worst quarter in the last 40 years, declining roughly -6.2%. In addition to experiencing their worst quarter in recent memory, the slide has continued to worsen throughout the month of April. Even with most municipalities flush with cash because of COVID relief packages and record high property values, these positive factors couldn’t stem the tide through the first four months of the year.