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Municipal Fixed Income Quarterly Market Commentary 3Q 2018

Investment Management
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In the 3Q 2018 issue of our quarterly publication, we:Provide a round-up of yields across the muni spectrum and an overview of yield curves, performance, and fund flows.Offer our outlook for 4Q, framing it in terms of our core narrative.Explore how—in light of the rising rate environment and the lowering of bond prices—a mitigating factor that may not fully offset lower market values provides support from the income generation perspective.

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