Municipal Fixed Income Perspectives — November 2025
November 10, 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
- Municipals have performed well recently but have room to run.
- A barbell strategy should outperform as the 10s30s curve still offers a significant term premium.
- End-of-year seasonality may provide excellent entry points as short-term dislocations could arise.
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