: The muni yield curve is historically steep, particularly at the 20-year mark, where AAA yields above 4.00% offer a significant "pickup" over 5-year bonds. Key Investment Themes for 2026
: Demand is high, fueled by nearly $8 trillion in sidelined money market funds expected to rotate into bonds as the Fed continues its easing cycle. is now a good time to buy municipal bonds
: After a "reset" following two years of record issuance, starting yields have lifted, making entry points more attractive than in previous years. : The muni yield curve is historically steep,
: Analysts see "idiosyncratic" value in specific sectors like pre-paid gas bonds , which offer wider spreads than generic high-grade munis, and affordable housing bonds . Risks to Consider Municipal bonds outlook: Poised for the next act? particularly at the 20-year mark