Press Release
Kim Friedricks on Bloomberg
October 9, 2018
The managing director of fixed income at KAR, who spoke at a recent Bond Buyer conference, was quoted in an article titled “California's Already-High Demand for Tax-Free Debt May Grow More”

Another big boost in demand” for municipal bonds might be in store “through tax season,” according to Friedricks, as the Internal Revenue Service continues to roll out rulings since the tax overhaul that passed last December and as tax professionals figure out these new rules being issues. California municipal-bond yields are likely to stay “below those seen in the rest of the municipal market,” Friedricks said.

 

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DISCLOSURE

This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information contained in this material is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date of the material, and KAR does not undertake to update the information presented should it change. This information is based on KAR’s opinions at the time of the recording of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein.