Municipal Bond Market Insight - Positive Returns; Opportunity Endures

What were the key takeaways from last month’s numbers? Our muni specialists look back at the market’s performance and provide incisive commentary to help you make sense of what drove the market—and what may be on the horizon for muni investors.

Key takeaways from the latest edition:

Municipals completed the year on a materially positive note that leaves attractive yields intact.

New-issue supply set a record but hindered performance.

Significant interim volatility facilitated year-round tax-loss harvesting.

Expectations for strong supply, solid demand and Fed rate cuts suggest another positive performance year ahead.