“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.
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”