Beyond Bulls & Bears

Budget Season
Fixed Income

Budget Season

For US states, spring marks budget season, a time to check the ledger board and allocate funds to entities and projects within the state—or cut back where needed. Jennifer Johnston, our Municipal Bond Director of Research, explains what her team has an eye on when it comes to state budgets—and the good news is that, in general, things are looking pretty positive.

Muni Market View on The American Jobs Plan
Fixed Income

Muni Market View on The American Jobs Plan

US President Joe Biden recently announced an ambitious new $2 trillion infrastructure plan, which touches many areas of the US economy. Jennifer Johnston, director of research, Franklin Templeton Municipal Bonds, outlines some highlights of this sweeping legislation, and how it could impact the muni market.

The Case for Municipal Bonds in a Rising-Rate Environment
Fixed Income

The Case for Municipal Bonds in a Rising-Rate Environment

Municipal bond yields moved higher in 2018 and seem likely to continue moving up in 2019 if market expectations for further interest-rate increases play out. Sheila Amoroso, director of Franklin Templeton Fixed Income Group’s Municipal Bond Department, makes a case for munis within a rising-rate environment. She says there could actually be more demand for munis ahead as a source of tax-free income.

“Taper Tantrum” Grips Muni Market

“Taper Tantrum” Grips Muni Market