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Byron Anderson on October’s municipal bond rally
Byron Anderson joins Scott Shellady on RFD-TV’s Cow Guy Close to discuss October’s municipal bond rally, how Treasuries responded to equity volatility and where he saw pressure in corporate credit.

Byron Anderson, Head of Fixed Income at Laffer Tengler Investments, joined Scott Shellady on RFD-TV’s Cow Guy Close on Oct. 30 to discuss October’s rally in municipal bonds.
Byron noted that municipal bond prices rose and yields fell across maturities during October. He pointed to two possible drivers. Some investors may have been seeking relative safety amid equity volatility, while others may have seen value in high-quality municipal bonds, particularly at intermediate maturities. He contrasted the rally with a more muted response in Treasuries during the equity sell-off discussed on the show.
The conversation also turned to corporate credit. Byron described the pressure facing weaker borrowers that had relied on low-cost financing.

Byron D. Anderson II
Head of Fixed Income
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