Within the past few days yields have begun to rise as investors have become concerned that both Democratic and Republican leaders may reduce municipal tax-exemption in some form.
Following Standard & Poor’s decision on Friday to downgrade US Treasuries for the first time since 1917, Schroders’ US fixed income team has analysed the potential impact of the move.
Issued by Schroder Investment Management Limited, 31 Gresham Street, London EC2V 7QA. Registered No: 1893220 England.
Authorised and regulated by the Financial Conduct Authority
For more information on Schroders' products and services visit Schroders' global website.