The best time of the year to buy municipal bonds is right now due to all the supply hitting the market, said Ron Schwartz.
Municipal bond valuations are still attractive despite the run-up in prices over the past year, said John Miller, Co-Head of Fixed Income for Nuveen Asset Management.
Municipal bond closed-end funds are relatively attractive because investors can buy high quality assets at a discount, said Robert Amodeo, Portfolio Manager at Western Asset Management.
The natural gas boom in the U.S. is creating a huge backlog for construction projects, said Richard Cavallaro, the new CEO at Skanska USA.
High yield debt may be growing increasingly expensive, but it is not in bubble territory, said Gershon Distenfeld, portfolio manager for the Alliance Bernstein High Income fund.
Puerto Rico's actions will likely cement the legalistic view of how municipal debt is treated.
A lack of supply due to fiscal austerity and balanced budgets is boosting municipal bond prices in 2014.
Limited supply will continue to lift municipal bonds through the rest of the year, says Ira Mark, Sr. Vice President at RBC Wealth Management.
Already low Treasury yields will most likely not fall much further, says Kathy Jones, fixed income strategist at Charles Schwab. Likewise, muni bonds are also fairly valued.
Municipal bonds are bouncing back after the Fed's "taper talk" spurred a selloff in 2013. Surprised investors should stick with the asset class in 2014 for yield, safety and diversification.