Everything Is Great in Muni-Bond Market. That's the Big Worry.

Everything Is Great in Muni-Bond Market. (Bloomberg) -- In the municipal-bond market, everything's going strongly in the right direction: prices have been rising, mutual funds have received new cash from investors for the past 57 weeks, and new debt sales have been gobbled up. Catherine Stienstra, head of municipal investments at Columbia Threadneedle, said 2020 may be more of a "coupon-clipping" year for investors, meaning returns will be driven more by interest payments than price gains. [Extracted from the article]