What does US tax reform mean for the muni market?

Certain provisions could impact supply and demand for US municipal bonds

Time to read: 3 min

Tax reform is currently underway in Congress and could have important implications for the tax-exempt municipal market. As we wait for a final agreement between the House and Senate versions — which could come as soon as today or tomorrow — we can make some observations about how tax reform is likely to impact the US municipal bond market, based on the details reported to date.