What a Trump Presidency May Mean for US Municipal Bonds

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What a Trump Presidency May Mean for US Muni Bonds

Christine Todd, CFA

Christine Todd, CFA - President of Standish and Head of the Tax-Sensitive and Insurance Strategies

Executive Summary:

  • Certain proposed changes to corporate and individual income tax policies pose a risk to municipal bond market prices.
  • Proposed initiatives to increase private sector infrastructure funding will not lessen the importance of municipal bonds in rebuilding US infrastructure.
  • Potential rollbacks of some regulations affecting the financial services industry could increase liquidity in the muni-bond market.

With uncertainty abounding over what policies President-elect Donald Trump will pursue, Standish’s municipal-bond investment team is  closely watching three specific areas of policy that could impact the muni market: tax reform, infrastructure funding and regulation of the financial services industry. We believe each of these will be paid serious attention by both the incoming Trump administration and the Republicans who control Congress.

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