Municipal Bond Market Wraps Up Tough Year of 'Muted' Returns

RJ Gallo discusses the 2018 market performance, highlighting muted returns in the muni market due to Fed policies and the rise of cash as a viable alternative. Looking into 2019, he predicts that broader macroeconomic factors will influence muni returns, with potential benefits if the Fed pauses rate hikes. He also explores high yield outperformance and investment strategies, emphasizing the importance of credit risk and duration in the context of economic conditions.

What does RJ Gallo suggest about the relationship between Muni bonds and Treasurys going into 2019?

What is the potential impact of inflation on the Muni market as discussed by RJ Gallo?