Featured
How to Evaluate Municipal Bond Funds Beyond Their Yield
Jason Kirsch |
That fat municipal bond yield might be hiding more risk than income.
Featured
Jason Kirsch |
That fat municipal bond yield might be hiding more risk than income.
Jason Kirsch |
Municipal bond ETFs can boost your after-tax income—here are five worth considering for taxable portfolios in 2026.
Jason Kirsch |
With muni yields at pre-crisis highs and record issuance creating a buyer's market, a tax-free bond ladder in 2026 offers high-bracket investors locked-in after-tax returns that no investment-grade taxable bond can currently match.
Jason Kirsch |
The municipal bond yield curve has steepened sharply in 2026, with 20-year AAA muni yields crossing 4% and offering taxable-equivalent yields above 7% for top-bracket investors — a historically rare setup.
Jason Kirsch |
Tax season gives advisors a natural opening to revisit the muni bond case — and it's a simple one: what clients keep matters more than what they nominally earn. For high-bracket investors, that gap is typically far larger than they realize.
Jason Kirsch |
Munis' historically low default rate is a legitimate selling point, but 2026 introduces credit headwinds worth understanding sector by sector.
Jason Kirsch |
Taxable municipal bonds are a growing, often overlooked segment of the $4.4 trillion muni market that rarely gets airtime next to their tax-exempt counterparts.
Jason Kirsch |
The muni bond tax exemption survived the One Big Beautiful Bill Act signed July 4, 2025 — a major relief after months of genuine threat — but its century-old status is no longer something advisors can take for granted.
Jason Kirsch |
The ceasefire shifted things fast. Oil dropped 16% on April 8, the 10-year Treasury yield fell to ~4.30% (a three-week low), and year-end Fed cut odds jumped from 25% to over 43% in a single session.
Jason Kirsch |
On April 8, municipal bonds posted their biggest single-day rally in over a year. The trigger was the announcement of a two-week ceasefire in the U.S.-Iran conflict, tumbling oil prices by more than 16%.
Jason Kirsch |
Munis simply offer unique advantages for taxpayers in high-rate jurisdictions like California
Jason Kirsch |
Municipal bond investors are increasingly focusing on K-12 school district debt as a confluence of market factors creates compelling opportunities ahead of a looming federal funding cliff
Aaron Levitt |
Callable municipal bonds, while often seen as a risk, can provide higher yields and create opportunities for active managers to add value in today’s market.
Jayden Sangha |
In 2026, Chicago’s transit network, the veins and arteries of the nation’s third-largest metropolitan economy, will face its most severe financial test in decades.
Jason Kirsch |
Laddering municipal bonds is a time-tested strategy that has helped investors generate predictable tax-free income for decades.
Jayden Sangha |
When most people think about building wealth, their minds go to stocks, real estate, or even private equity. But in today’s market environment, municipal bonds are quietly offering some of the best after-tax income opportunities we’ve seen in a generation.
Aaron Levitt |
Trump’s push to dismantle the Department of Education has rattled the municipal bond market, but rising yields in the education bond sector may present a compelling opportunity for investors willing to look past the headlines.
Aaron Levitt |
Municipal bonds offer more than just tax-free income—they also provide strong credit quality, inflation protection, and portfolio stability, making them valuable for investors across all tax brackets.
Jayden Sangha |
While many sectors within U.S. public finance are expected to maintain stable credit quality heading into 2025, emerging credit pressures could begin to impact performance and key rating metrics in the near term.
Aaron Levitt |
Municipal bonds, often overlooked as dull investments, have historically outperformed during inflationary periods thanks to their tax advantages, reliable income, and inflation-linked revenue streams.
Jayden Sangha |
We will take a closer look at the impact of climate change on municipal and state governments and the progress towards evolving municipal debt landscape
Jayden Sangha |
As the rate cycle turns, fiscal pressures evolve, and the political climate remains fluid, municipal bond market participants must reassess their risk and reward appetite to better understand the evolving environments.
Aaron Levitt |
As cash yields decline with falling interest rates, short-term municipal bonds offer investors a safer, higher-yielding alternative with strong credit quality and valuable tax advantages.
Aaron Levitt |
Blockchain technology is revolutionizing the traditionally illiquid municipal bond market by enhancing transparency, reducing settlement times, and improving investor accessibility.
Aaron Levitt |
Municipal bond investors face a volatile 2025, but strategic positioning—through duration management, barbell strategies, credit selection, and active management—can help navigate the risks and capitalize on strong yields.
Aaron Levitt |
Despite the devastation caused by California’s wildfires, the state's strong finances, insurance coverage, and historical resilience suggest that its municipal bonds remain a solid investment opportunity
Aaron Levitt |
Volatility and uncertainty are shaping the municipal bond market in 2025, making active management crucial for navigating risks and maximizing returns.
Aaron Levitt |
Nuveen’s 2025 municipal bond outlook highlights strong demand, high yields, and favorable fiscal policies, positioning the sector for another year of positive returns.
Jayden Sangha |
Donald Trump’s presidency could shake up municipal bonds. Changes to corporate tax rates and the SALT deduction might push demand for tax-exempt bonds in high-tax states, while an infrastructure push may spark new bond issuance.
Aaron Levitt |
Intermediate municipal bonds provide a tax-advantaged, stable solution for investors seeking high yields and lower volatility amid ongoing rate and market uncertainty.
Aaron Levitt |
Taxable municipal bonds, a growing segment of the $4 trillion muni market, offer high yields, strong credit quality, and opportunities for portfolio de-risking. They are a compelling alternative to corporate bonds, despite being taxable.
Aaron Levitt |
Infrastructure-focused municipal bonds offer investors a unique opportunity to support critical public projects while benefiting from higher yields, inflation protection, and potentially lower default risks than general obligation bonds.
Aaron Levitt |
Despite California's fiscal challenges and budget deficits, its municipal bonds remain a compelling investment opportunity due to manageable debt levels, strong yields and long-term economic resilience.
Aaron Levitt |
Municipal bonds offer tax-advantaged income and, when evaluated using taxable equivalent yield, often outperform other bonds in after-tax returns, making them a valuable investment for all tax brackets.
Aaron Levitt |
Investors in municipal bonds face uncertainty as potential tax reforms under the Trump administration could threaten their key tax-exempt status, impacting portfolios and state funding strategies.
Aaron Levitt |
As the yield curve returns to normal, long-dated municipal bonds offer attractive tax-free yields and strong total return potential, making them a compelling choice for investors in a falling interest rate environment.
Aaron Levitt |
Strong state finances, rising tax revenues, and increased rainy-day funds are positioning municipal bonds as a top choice for fixed-income investors heading into 2025.
Aaron Levitt |
As the Tax Cuts and Jobs Act nears expiration, municipal bonds emerge as a key opportunity for investors seeking tax-efficient, high-yield alternatives amid rising tax uncertainty.
Jayden Sangha |
As borrowing costs decrease, municipalities are likely to increase debt issuance and accelerate infrastructure projects, creating investment opportunities in municipal bonds.
Aaron Levitt |
Senior living municipal bonds have long been the place for high default rates amid high yields. But the risk-reward proposition could be changing.
Aaron Levitt |
It’s very rare for investors to have an opportunity to score higher-than-average yields and strong credit quality. Although, such an opportunity exists within the high-yield muni market.
Aaron Levitt |
Thanks to the Federal Reserve’s continued pause on rates, municipal bonds are offering something investors can’t get elsewhere. Equity-like returns with low risk
Jayden Sangha |
Express lanes with dynamic pricing represent a sophisticated approach to modern traffic management.
Aaron Levitt |
After spending much of 2022 and 2023 lower, municipal bonds may have plenty of strength to win this year. That’s because five distinct themes.
Aaron Levitt |
With the Federal Reserve increasing interest rates over the past year, bond investors might consider buying the Bloomberg Aggregate Bond Index (Agg) to benefit from high yields.
Jayden Sangha |
We will discuss the ramifications of elevated interest rates and inflation on local governments, particularly regarding their inclination toward municipal debt issuances.
Aaron Levitt |
Much of municipal bonds' popularity has been squarely focused on general obligation bonds due to the taxing ability of their issuers. However, there are some significant risks when choosing the GO route for muni exposure.
Aaron Levitt |
When investors see the words “high yield” they immediately think of high risk. But for high yield municipal bonds, nothing is further from the truth.
Aaron Levitt |
Municipal bonds have started the year with a loss after a record year. However, investors shouldn’t worry. Munis still have plenty of juice left in the tank to perform well for portfolios
Aaron Levitt |
Thanks to their tax-free nature, many investors ignore municipals, creating plenty of misconceptions about the asset class. Goldman Sachs provides several insights, busting some of these myths.
Jayden Sangha |
We will take a closer look at how local and state governments share the fiscal strain created by the influx of migrants in the United States.
Aaron Levitt |
Municipal bonds have started to face plenty of questions as perceived tax shortfalls take hold. However, the headlines may just be an illusion. Tax receipts, budget shortfalls and smaller rainy-day funds haven’t occurred.
Aaron Levitt |
With yield son cash surging to 5% this year, investors are getting something they’ve had to think about in a long time. Taxes. But short-term municipal bonds could offer a reprieve from the tax bite.
Jayden Sangha |
Lower interest rates in 2024 could spell good news for municipal bonds. Favorable tax policy changes in a presidential election year could also work in favor of municipal bonds.
Aaron Levitt |
Economic data is pointing to a mixed environment, with rising recession risks amid tepid growth. That uncertainty is throwing investors for a loop. But municipal bonds could be the answer.
Aaron Levitt |
Tax collections for states have trended lower the last two quarters, causing investors to worry about municipal bonds and default risk. However, investors shouldn’t be worried.
Aaron Levitt |
There are plenty of opportunities in fixed income, but municipal bonds could be one of the best. According to T. Rowe Price, their high yields, strong credit quality and ability to navigate downturns make them a compelling buy today.
Jayden Sangha |
Explore the potential of U.S. utility bonds in today's challenging market. Discover how these essential service providers offer a stable investment opportunity, with muni bond ETFs yielding 2.5% or more.
Aaron Levitt |
California’s budget woes have recently dented its bonds. However, its fiscal condition remains strong. A big rainy fund, rising tax receipts and provisions for property taxes have increased the state’s overall financial picture.
Aaron Levitt |
Municipal bonds are quickly becoming a portfolio staple, but investors may be confused on how to allocate capital to the sector. According to New York Life, the answer is focusing on need.
Aaron Levitt |
Treasury bonds are considered the ultimate safe haven. But lately, munis have been acting like the better bond position.
Aaron Levitt |
After last year’s rout, municipal bonds are offering tax-equivalent yields north of 6%. According to investment manager Thornburg, that’s a huge win for investors.
Jayden Sangha |
We will review different municipal debt issuers in the U.S. and the importance of understanding the inner workings of issuing agency in order to adequately assess the potential risk-reward relationship.
Aaron Levitt |
The pandemic and the rising rate environment hit hospital bonds right in the wallet. However, the freeze is starting to thaw, with these bonds offering plenty of high yields and tax benefits.
Aaron Levitt |
Interest in munis has exploded in recent months due to their tax benefits and high yields, which has many investors thinking twice about the premiums in the sector. However, they shouldn’t worry.
Aaron Levitt |
Thanks to the rise in interest rates, a variety of fixed income securities are paying high yields. But municipal bonds could be king of them all
Aaron Levitt |
The pandemic has hit commercial real estate values in the office sector as work-from-home and recessionary worries have grown.
Shauvik Haldar |
Overall, short to intermmediate term strategies outperformed several longer term strategies in the trailing one month.
Jayden Sangha |
We will take a closer look at some positive trends we are seeing in fixed income markets and potential opportunities for municipal debt investors.
Aaron Levitt |
Municipal bonds have had mixed returns this year, despite plenty of positives. But, according to Blackrock, the sector is poised for a big rebound this summer.
Aaron Levitt |
Taxable municipal bonds are currently offering high yields and the chance for capital appreciation. With issuance starting to stall, demand for these bonds has exploded
Jayden Sangha |
We will take a closer look at the resource strain presented by the issue of homelessness on local governments.
Shauvik Haldar |
Overall, shorter duration and higher credit quality-based strategies outperformed several high-yield and tactical muni strategies in the trailing one month.
Jayden Sangha |
Exploring the Complex Interplay of Municipal Debt Markets and Political Shifts
Aaron Levitt |
Long-term municipal bonds offer tax-free income and present a valuable opportunity for high-net-worth investors.
Aaron Levitt |
With their natural inflation protection, high yields and tax-free status, tobacco bonds could make for an interesting portfolio addition for investors.
Aaron Levitt |
For many investors, opportunities can exist within those munis subjected to the AMT.
Aaron Levitt |
Closed-end funds are some of the biggest buyers of muni bonds, and right now, their discounts to net asset values (NAVs) are at some of the highest levels not seen in over a decade
Aaron Levitt |
Featuring low correlation to other bonds and tax-equivalent yields close to 9%, the rewards may outweigh the risks.
Jayden Sangha |
In this article, we will take a closer look at how rebalancing or position your portfolio in the current market can help to capitalize on higher potential yields.
Jayden Sangha |
The ‘run on the bank’ was a combination of a few different events that created a perfect storm
Aaron Levitt |
With recession risks rising and new trends emerging, some analysts are predicting we could see a new wave of such events in the staid muni market.
Jayden Sangha |
In this article, we will take a closer look at the outlook of public utilities in the United States and how current economic conditions may impact the capital projects related to these utilities.
Justin Kuepper |
Let’s take a look at how the municipal bond market performed last year and what’s in store for 2023 and beyond.
Jayden Sangha |
In this article, we will take a closer look at what CY2023 has in store for the capital market and the U.S. economy in general.
Aaron Levitt |
For investors, the downturn in munis could serve as a big buying opportunity.
Jayden Sangha |
We will take a closer look at current market conditions and their adverse impacts on municipal debt markets.
Jayden Sangha |
In this article, we will take a look at the overall impact of rising interest rates and how fixed income portfolios can capitalize on current market conditions.
Justin Kuepper |
Let’s examine why the muni bond market looks so inviting and where investors can seek out the best opportunities.
Jayden Sangha |
In this article, we’ll take a closer look at how municipal and state government revenues/financials and municipal debt are exposed to risk posed by natural disasters in the United States.
Justin Kuepper |
Let’s take a closer look at ESG-focused muni bonds and how you can add them to your portfolio.
Jayden Sangha |
In this article, we will take a look at the future of public utilities in the wake of natural disasters, aging infrastructure, cyber security, experienced workforce scarcity, and federal push to enhance the public utilities.
Jayden Sangha |
In this article, we will take a closer look at how market investment returns are shaping the future of pension obligations for many local governments in the United States.
Justin Kuepper |
Let’s take a closer look at why municipal bond-focused closed-end funds are attractive and whether you should invest.
Jayden Sangha |
In this article, we will take a closer look at some economic indicators and how they are shaping the economic outlook for public finance sectors of the economy.
Jayden Sangha |
In this article, we will take a closer look at how local and state governments will likely deal with the ongoing inflation challenges
Jayden Sangha |
In this article, we will take a closer look at the nature of sustainable debt and what the future holds.
Concerns about inflation have investors looking for safe and robust returns in the fixed income arena.
Justin Kuepper |
This article will look at how the rise of muni bond funds could impact the market and the most significant funds in the space.
Jayden Sangha |
In this article, we will take a closer look at the different shapes of the yield curve and what the current yield curve indicate.
Aaron Levitt |
Thanks to new climate change threats, munis may be riskier than we thought. And that newfound risk is now being identified in additional costs to muni bond insurance and credit profiles.
Justin Kuepper |
Let’s take a look at how rising interest rates affect municipal bonds and how you can adjust your portfolio to hedge against risk.
Jayden Sangha |
In this article, we’ll take a closer look at the American economic forecast and how Fed’s interest rate hikes will likely impact fixed income markets.
Jayden Sangha |
In this article, we will take a closer look at the domestic and global ramifications, especially in the financial and energy markets, of the Eastern European conflict and the world’s retaliation.
Jayden Sangha |
In this article, we will take a closer look at the fiscal health of local governments going into 2022 and how they will need to adjust to changing market patterns.
Jayden Sangha |
In this article, we will take a closer look at some key indicators to assess the outlook for many municipal utilities in the United States.
Check out our latest webinar on the outlook of municipal bonds in 2022
Jayden Sangha |
In this article, we will take a closer look at how bond insurance can help enhance the prospects of municipal debt for both issuers and investors.
Justin Kuepper |
Let’s examine the history of muni bond insurance and how it’s staging a comeback amid the COVID-19 pandemic.
Jayden Sangha |
In this article, we will take a closer look at the recent indications from the FOMC and how these decisions will likely impact fixed income portfolios.
Jayden Sangha |
In this article, we will take a closer look at the trends and forces affecting municipal bond markets going into the year 2022.
Jayden Sangha |
In this article, we will take a closer look at some of the market forces and how they are impacting the municipal bond markets
Aaron Levitt |
Several factors have helped munis become a pretty sector since the end of the summer.
Jayden Sangha |
In this article, we will take a closer look at how global supply chain issues will impact local and state revenues and when the situation can get better.
Jayden Sangha |
In this article, we will take a closer look at the bill and how the expenditure will trickle down to local and state economies.
Jayden Sangha |
In this article, we will take a look at a few of the indices to analyze consumer health trends and what it entails for the future.
Jayden Sangha |
We will take a closer look at the world of Low Carbon Fuel Standard Credits (LCFS) and how some transportation agencies are pledging them as a revenue source to issue green debt .
Justin Kuepper |
Let’s look at why muni bond investors face a challenging reinvestment environment and alternative strategies to consider.
Justin Kuepper |
Let’s look at the current state of inflation and how muni bonds may help protect your portfolio.
Jayden Sangha |
We will take a closer look at the ESG efforts related to local government operations, the review of rating agencies, and how it can be mutually beneficial for both issuers and investors.
Justin Kuepper |
Let’s look at these trends and three reasons they are poised to continue into the second half of the year.
Jayden Sangha |
We will take a closer look at how the proposed transportation revamp and fixing the water infrastructure fits into the overall strategy of President Biden.
Shauvik Haldar |
Check out our list of top performing municipal bond funds.
Jayden Sangha |
The geographic location and the size of local jurisdictions often plays an important part in comprehensively understanding the opioid crisis and, undoubtedly, how COVID-19 has exacerbated the challenges.
Justin Kuepper |
How President Biden Might Affect the Muni Bond Market?
Jayden Sangha |
We will take a closer look at the current housing market trends, the outlook and how it will likely impact both local and state governments.
Jayden Sangha |
We will take a closer look at the different components of this most recent relief act and how it can help local governments combat the effects of the pandemic.
Jayden Sangha |
In this article, we will take a closer look at the issue of homelessness and ways for local governments to introduce measures to tackle this problem.
We will take a closer look at a few of the large metropolitan cities and how the COVID-19-related migration may impact their fiscal positions.
We will take a closer look at the recent surge in treasury yields and how the Fed is likely to mitigate inflation fears.
In this article, we will take a closer look at the composition of pension obligation debt, and how it can impact the financial picture of a local or state government.
Justin Kuepper |
Let’s take a look at how climate change could affect municipal bonds and why investors should consider climate change risks when building their portfolios.
Jayden Sangha |
In this article, we will take a closer look at the upcoming initiatives of the federal government and how they will likely impact local and state economies.
Jayden Sangha |
We will take a closer look at the financial health of the municipal governments and the outlook for municipal debt in 2021
Let’s take a look at how muni bonds fared over the past year and what investors can expect in the new year.
We will take a closer look at how publicly funded sporting areas and convention centers are adding to the fiscal strain.
Corey Boller |
Municipal issuance is on track for a blockbuster year
In a rising rate scenario, premium bonds can produce more attractive yields and help stabilize municipal bond values over time.
Jayden Sangha |
In this article, we will take a closer look at the current challenges for American transportation agencies and what the future holds.
In this article, we will take a closer look at President-elect Biden’s election promises and how they will likely materialize in the upcoming years.
Corey Boller |
Investors are closely watching U.S. election results as expectations for a clear outcome dwindle.
Let’s take a look at how the muni bond market changed following the COVID-19 pandemic.
We will take a closer look at ways cities and other local governments are able to weather tne COVID-19 pandemic.
Corey Boller |
Tax-exempt municipal bonds traded flat in September.
Jayden Sangha |
In this article, we’ll take a closer look at the impacts of the potential political shift and how it can transform the capital markets in the U.S.
We will take a closer look at how credit rating agencies are assessing the financial health of states and local governments
The municipal market concluded its streak of positive returns in August, marking the end of the three-month recovery that began in May.
Wayne Anderman, CFP® MBA |
When faced with an economic shutdown due to COVID-19, what’s the verdict on stadium bonds?
Jayden Sangha |
In this article, we will take a closer look at how local governments’ financial preparedness will be tested in the upcoming years.
We will explore the future of college towns and how they are likely to bear the brunt of financial challenges due to COVID-19.
Jayden Sangha |
We take a closer look at the impact of COVID-19 on various transportation agencies and what to expect in the near future.
Jayden Sangha |
We take a closer look at the various budget cuts that cities and counties are proposing and how they may impact the municipal debt world.
Jayden Sangha |
We take a closer look at how the oil crash will impact local government operations and also warning signs for investors to analyze.
Jayden Sangha |
We will take a closer look at how airports around the world are coping with the new reality of minimal travel and the struggle to generate revenue.
Jayden Sangha |
We will take a closer look at sales tax forecasts for local and state economies and how they’re likely to affect local and state revenue and expenditure budgets.
Jayden Sangha |
We will take a closer look at how the current COVID-19 situation is affecting the municipal debt markets
Jayden Sangha |
We will take a closer look at the recent municipal bankruptcies, any commonalities, and what investors should look for before making their investment decisions.
Justin Kuepper |
Let’s take a look at the role that municipal advisors play in the process and how to select the right advisor.
Featured ETFs, Funds
Overview
Payout
Income
Income Risk
Returns
Allocations
Fees
About
OWLSX | Fund | Other
$22.06
-0.32%
$25.07 B
11.69%
$2.59
6.67%
1.10%
$23.33
0.00%
$11.33 B
7.11%
$1.66
2.10%
0.05%
USHY | ETF |
$36.86
-0.05%
$28.48 B
6.72%
$2.48
2.04%
0.08%
$26.24
-0.15%
$14.71 B
6.40%
$1.68
1.67%
0.74%
VCLT | ETF |
$73.08
-0.63%
$10.06 B
5.62%
$4.11
-1.00%
0.03%
$79.65
-0.04%
$17.63 B
5.56%
$4.43
1.79%
0.49%
$49.67
-0.07%
$71.08 B
5.48%
$2.72
1.84%
0.03%
AVDV | ETF |
$104.18
+2.02%
$19.22 B
5.33%
$5.55
10.25%
0.36%
$95.38
+0.01%
$14.62 B
5.03%
$4.80
1.66%
0.39%
$100.23
-0.65%
$20.38 B
5.02%
$5.03
13.66%
0.07%
DFIC | ETF |
$37.13
-0.62%
$14.22 B
4.95%
$1.84
9.31%
0.22%
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