1150 ET - The war in Iran may have limited overall impact on U.S. municipal bonds, but some digging is necessary to pick the best deals as new issuances keep hitting the market. "The obvious changes are higher oil, higher energy prices, which are impacting the inflation outlook and perception," Baird Funds' Duane McAllister says. These factors have cheapened some munis, creating entry-point opportunities, he adds. On the other hand, oil-producing states stand to gain. "Drilling activity on the margin should pick up a bit and the sale price of that energy is going to rise," McAllister says. "And that would mean more revenue into the state coffers." (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
March 25, 2026 11:51 ET (15:51 GMT)
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