Stock investors overconfident about rate cuts this year. Muni bonds may perhaps be superior obtain: Nuveen

Municipal bonds may carry out much better than stocks, if the Federal Reserve decides to maintain its vital interest fee steady but elevated for the relaxation of 12 months, defying expectations for price cuts, in accordance to asset-administration business Nuveen. 

Stock traders may possibly have overestimated the possibilities for the Federal Reserve to begin reducing desire premiums by calendar year-end, in accordance to Nuveen, which manages $1.1 trillion assets, echoing some other key traders such as Blackstone’s main operating officer Jonathan Grey.

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