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cover of episode Munis Maybe the Play for Bond Investors

Munis Maybe the Play for Bond Investors

2025/3/25
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Schwab Market Update Audio

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Cooper Howard
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Keith Lansford
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Keith Lansford: 我观察到股市上涨,这主要是因为有报道称特朗普总统可能会调整4月2日的关税政策,使其更针对与美国贸易逆差的国家。此外,3月份的S&P全球综合PMI数据高于预期,表明经济扩张正在加速。制造业似乎正在萎缩,因为3月份的S&P全球制造业PMI低于50的阈值。然而,更好的PMI报告导致债券价格下跌,这凸显了软数据和硬数据之间的差异。 大型科技股推动标普500指数上涨突破200日均线。特斯拉涨幅最大,达到11.93%。亚马逊和家得宝分别上涨3.59%,英伟达上涨3.15%。标普500指数上涨100.01点,涨幅为1.76%,收于5767.57点。道琼斯工业平均指数上涨597.97点,涨幅为1.42%,收于42583.32点。纳斯达克综合指数上涨404.54点,涨幅为2.27%,收于18188.59点。 Cooper Howard: 目前市政债券的相对收益率接近一年来的最高点,为投资者提供了具有吸引力的进入点,可以获得税收优惠的收入。虽然回报会受到国债利率方向的影响,但目前的相对收益率非常具有吸引力,对于寻求税收优惠收入的投资者来说,这是一个绝佳的进入时机。

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As stocks rallied, bonds sold off, but the munis could be the next play for bond investors. The S&P 500 battles a pivotal technical point.

Important Disclosures

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

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Past performance is no guarantee of future results, and the opinions presented cannot be viewed as an indicator of future performance.

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The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.

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