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Why own bonds now, when rates are so low and states face significant fiscal challenges in managing the impact of COVID-19? While it’s difficult to argue that yields are attractive, Evercore Wealth Management Partner and Portfolio Manager Jim Holihan and Howard Cure, our Director of Municipal Bond Research, make the case in our paper, Got Munis? The Case for Bonds as States Adjust Budgets, for most retaining a core allocation to municipal bonds, as well as other defensive assets. Credit analysis, careful selection and constant monitoring are key in the management of customized portfolios.
To download a copy, click here; if you would like more information about this paper or any of our wealth and investment perspectives, please contact Jay Springer at springer@evercore.com.
Investment and Wealth Management services are provided by Evercore Wealth Management, LLC an investment advisor registered with the U.S. Securities and Exchange Commission (the "SEC") under the Investment Advisers Act of 1940. Registration with the SEC does not imply a certain level of skill or training. Trust and custody services are provided by Evercore Trust Company, N.A. a national trust bank regulated by the Office of the Comptroller of the Currency.
Client retention rate is based on data from 06/30/24 – 06/30/25. Assets under management are as of 06/30/25