MARKET COMMENTARY
AT ASSET PRESERVATION ADVISORS (APA), OUR COMMITMENT TO EXCELLENCE EXTENDS BEYOND MANAGING HIGH-QUALITY MUNICIPAL BOND PORTFOLIOS. WE BELIEVE THAT INFORMED DECISION-MAKING IS CRUCIAL FOR WEALTH PRESERVATION. THAT'S WHY, EACH QUARTER, OUR DEDICATED TEAM OF EXPERTS AT APA CONDUCTS IN-DEPTH RESEARCH AND ANALYSIS, PROVIDING MARKET COMMENTARIES TO GUIDE OUR CLIENTS THROUGH THE DYNAMIC LANDSCAPE OF MUNICIPAL BONDS.
QUARTERLY MARKET UPDATE
While APA looked to extend duration across strategies for much of 2023, with ratios on the rich side of historical averages to start the year, and the fixed-income markets being well ahead of Fed messaging for rate cut expectations for much of the start of 2024, we remained more selective on duration extension trades to start the year.