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.
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