RBC Wealth Management's Craig Bishop likes corporate debt and munis, but avoids high yield.
Bonds have sold off in the past month sending yields higher. John Dillon of Morgan Stanley Wealth Management, said investors need not panic because munis will hold onto their gains.
Municipal bonds have regained their safe haven status as volatility returns to the stock and bond markets. They have also been getting a boost from yield-starved, go-anywhere overseas investors.
Municipal bond prices plateaued this summer after a year of slow and steady ascension, but that does not mean the good times are over
Fixed income investors shouldn't worry about a Federal Reserve rate increase until 2017 according to RBC Wealth Management.
Municipal bonds have shined year-to-date as evidenced by the three percent return in the iShares National Muni Bond ETF.
Given all the post Brexit volatility there is no better time to be in a long/short bond fund, according to one portfolio manager.
A restructuring bill for Puerto Rico's debt passed a key vote, which increases the likelihood that it will be approved.
Municipal bond yields could come under pressure in the near term if the steady cash flows into open end mutual funds slows.
The yield curve continues to flatten as the Federal Reserve stays on the sidelines, making it hard for bond investors.