Municipal Fixed Income Perspectives — June 2025
June 12, 2025 — This presentation provides an overview of our municipal market outlook and key themes, and it illustrates how Sage is positioned in the current environment.
Key Takeaways
- Tax-exempt yields remain near historic highs, and at a 30% tax rate or higher, municipal bonds are outyielding most other fixed income options.
- The 10s30s curve offers a generous +120 bps to purchase long bonds, so if extending duration is an option, the long end offers attractive term premium.
- A significant increase in new issuance should provide advantageous issuer level opportunities.
Featured Insights
Fixed Income
Fixed Income Perspectives — June 2025
June 9, 2025 -- This presentation provides an overview of our market outlook and key themes, and it illustrates how Sage is positioned in the current environment.
Municipal Fixed Income
Tax Exempt Fixed Income Overview
Fixed Income
Q2 GDP Set to Soar—Thanks to This Trade Twist
June 9, 2025 -- A surge in imports ahead of potential tariffs distorted Q1 GDP, making the economy appear weaker than it is. Now, with trade flows reversing and inventories...