Despite speculation over what may befall the municipal market in the fourth quarter, portfolio managers and strategists are not letting concerns over the upcoming presidential election, potential tax reform or an expected seasonal supply surge derail their plans to unfold year-end investment strategies.

“The fourth quarter marks the start of a difficult period in the municipal bond market as a seasonal increase in new issuance begins and lasts until early December,” said Anthony Valeri, a senior vice president and market strategist at LPL Financial.

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