Municipal Bonds Offer Investors Shelter as Iran War Escalates

The escalating Middle East conflict sent most safe haven assets higher Monday as investors braced for the worst case scenarios.

While US Treasuries sold off on fears that soaring oil prices could accelerate inflation and the global credit markets wobbled, municipal bonds are expected to continue to be a shelter for investors in times of global market turbulence. That sentiment seems to hold even as the US state and local bond market enters what is seen as a typically tough time.