In the 1Q 2020 issue of our quarterly publication, we:Discuss how IG muni credits are expected to weather the current market dislocation.Present views on the support of the CARES Act.Offer views on the spate of expected downgrades in the U.S. financials sector. In the first quarter of 2020, the municipal market experienced a decade of turbulence.
The COVID-19 pandemic may make the health care sector less resilient than it normally would be in a downturn.Historically, the health care sector has outperformed other sectors during down markets. This time may prove different because COVID-19 is giving rise to both humanitarian and economic impacts. Hospitals and health systems have reconfigured themselves to deal with the immediate health crisis.
Overlook municipal bonds at the peril of your portfolio.