Municipal Bond Yield Ratios and Credit Market Commentary

Municipal Bond Yield Ratios and Credit Market Commentary The passage is a routine investment strategy report containing bond yield ratios, rating changes, and market outlook. It contains no allegations, names, transactions, or controversial actions involving powerful actors. Key insights: Shows municipal bond yields relative to Treasury yields as of Dec 31, 2016.; Notes rating upgrades for municipal issuers in 2016.; Recommends municipal bonds as a stable portfolio component.