Muni Market Update January 2022 | The Sector Corrects
Summary
Munis are giving us a chance to own them again at some compelling discounts relative to long-term valuations.
Today's valuations are in the bottom 20% of all observed data points going back to 1996. Thus, only 20% of the time have discounts been wider.
However, when you compared current discounts to those of the last five years, they are about ave…
