Nuveen Sees Value in Harvard Municipal Bonds Amid Trump Pressure
The Widener Library on the Harvard Campus in Cambridge on June 4.
Photographer: Cassandra Klos/BloombergPresident Donald Trump’s campaign against Harvard University is cheapening the prestigious school’s bonds to bargain levels usually associated with riskier sectors, according to Nuveen LLC.
“Harvard’s bonds have experienced significant volatility this year amid ongoing tensions with the Trump administration,” wrote Daniel Close, Nuveen’s head of municipals, and Margot Kleinman, director of research for the muni team, in a research note. “This presents potential value opportunities for discerning investors.”