Stock Rotation Hits Megacaps on Bets Fed Will Cut: Markets Wrap Wall Street traders betting the Federal Reserve will be able to cut rates soon sent bond yields tumbling — while driving a rotation out of the tech megacaps that have powered the bull market in stocks.
Eve Lando, Thornburg Investment Management portfolio manager, discusses the state of the municipal bond underwriting business. Speaking on "Bloomberg The Close," Lando says she sees "insatiable interest in anything tax-exempt." (Source: Bloomberg)
