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Tax Revenue Is Rising With Inflation. That's Good for Munis

  • Credit for some munis could improve from bigger tax hauls
  • Firm promotes active trading stance amid market slide
Views Of Transportation As U.S. Infrastructure Bill Could Pass Committee In May
Photographer: David Paul Morris/Bloomberg

Inflation might not be all that bad for municipal bonds.

State and local debt has already posted a 0.9% loss since the start of the year amid speculation the Federal Reserve could raise interest rates as soon as March to combat inflation.