Municipal Fixed Income Perspectives — October 2025

October 7, 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.

  • DATE: October 7, 2025
  • TYPE: PDF
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