报告：美国市政债券正在回暖

Core Insights - Municipal bonds in the U.S. have shown strong performance at the beginning of the new year, with a year-to-date return of 1.6%, outperforming other fixed-income assets such as mortgage-backed securities, investment-grade corporate bonds, U.S. Treasuries, and high-yield bonds [1][2] Group 1 - The market for municipal bonds is currently the best-performing asset class among various fixed-income assets in the U.S. [1] - The recent volatility in the stock market, driven by AI-related fears, has likely increased demand for more defensive assets like municipal bonds [2] - Continued cooling of inflation has also benefited longer-duration asset classes, including municipal bonds [2]