Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak with Sylvia Yeh, Co-Head of Municipal Fixed Income at Goldman Sachs Asset Management, about the state of the municipal bond market.
The appetite for bonds has definitely reached a fervent pace amid the volatility thanks to the coronavirus outbreak. One area of the bond market that’s seeing a feeding frenzy is municipal bonds, even with yields at record lows.
With equities enduring a pounding due to the COVID-19 outbreak, it’s not surprising that safe-haven plays are thriving. One group that’s really thriving are municipal bonds and the related ETFs. Several of those ETFs, including the SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB B+), hit all-time highs on Tuesday.