With the second half of 2015 set to begin, municipal experts forecast continued outperformance by high credit-quality issues, a decline in refunding volume, continued headline risk for the market's severely battered credits, and the Federal Reserve Board to begin to raise interest-rates before year-end.

"The municipal market — despite the interest-rate volatility so far — has actually performed pretty well when you consider it to be one of the smaller markets overall," Dan Heckman, senior fixed income strategist at U.S. Bank Wealth Management, said in a June 26 interview.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access