The tax-exempt municipal bond market enjoyed favorable technical factors for much of the summer, which allowed it to outperform U.S. Treasuries.
The Federal Reserve said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a third round of quantitative easing as it seeks to boost growth and reduce unemployment.
As the big emerging emerging markets slow down, advisers and investors need to identify the new leaders, says Ruchir Sharma, head of emerging markets equities at Morgan Stanley Investment Management.
