The municipal market offers solid fundamentals and the most compelling value since 2011, following last month's historic selloff, BlackRock Inc. said in its July municipal report.
The market will continue to be bolstered by strong demand during the July and August reinvestment period, which should bring an estimated $75 billion in coupons, calls, and maturities, in addition to continued demand from crossover buyers lured by municipals' relative attractiveness, Blackrock said.
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