"For 2026, we expect municipal bonds to remain compelling as reinvestment demand stays strong and rate normalization ...

The muni market produced $586.195 billion of debt issuance in 2025, up 14.1% from the previous record of $513.652 billion in 2024, according to LSEG data.

Returns for less than one year are not annualized. ITD is inception to date. Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those ...

Municipal debt issuance surpassed $500 billion last year, a record that’s found a deep pool of buyers. By Talmon Joseph Smith Across America, state and local governments have been selling bonds at a ...

Municipal bond closed-end funds (CEFs) are seeing narrowing discounts, with NXP and MHF offering the most compelling value in the space at present. Leverage costs are easing as the Fed cuts rates, ...

The municipal-bond market delivered inconsistent returns over 2025, with performance pressured early in the year by uncertainty around federal tax legislation, heavy new-issue supply, volatility ...

Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. VCIT is more affordable ...

Invesco Muni Bond ETF (PZA) yields 3.9% tax-free, equivalent to 6.2% for investors in the top 37% bracket. PZA returned 2.7% over the past year, underperforming iShares National Muni Bond ETF which ...

Invesco Muni Bond ETF (PZA) manages $3.3B in bonds and yields 3.9% with monthly distributions. PZA has never missed a payment since 2007 and 2025 distributions exceed the 2016 peak. PZA yields 3.9% ...