Outlook predictions for the 2022 municipal bond market

This past year was not an easy year for fixed-income investors. Interest rates were volatile and the mixed messaging projected by economists was difficult to manage. Fortunately, taxable interest rates didn’t go significantly higher, which would have hurt the market value of fixed-income investments. With one week left in 2021, the total return of Bloomberg Treasury Index, the Corporate Index, and MBS Index all showed slightly negative returns ranging from -2% for Treasuries to -0.60% for corporate…