Trouble in the Bond Markets? Weighing Policy, Inflation and Rates in the Trump Administration
One thing we can be certain of at this still early juncture in the Trump Administration is greater uncertainty than many investors are accustomed to in the markets.
We believe that well-researched, investment-grade municipal and corporate bonds remain an important part of a balanced portfolio. Bonds, unlike many other asset classes, are uncorrelated to equities and, in our view, should continue to generate positive returns over the long term, net of taxes, inflation and fees.
To read our full analysis on the bond markets under the Trump Administration please download the paper here.