After the worst quarter since 1981, what comes next?

September delivered the worst monthly return for municipal bonds since 2008, with the Bloomberg Municipal Index down 4.36%. That brought third quarter performance to -6.35%, the worst quarterly return since 1981. A recalibration of rate expectations drove the unprecedented underperformance, not deteriorating credit conditions. Read more from Nuveen Here

(3-minute read)

Source: Nuveen