A Muni Minute — Avoid Paying More for Less
July 11, 2025 — In fixed income markets, most investors are familiar with an inverted yield curve — when long-term bonds yield less than short-term ones. A similar phenomenon can occur with credit spreads, where longer-dated bonds offer lower spreads than shorter maturities. This is especially common in the municipal bond market and is primarily driven by a structural supply-demand imbalance.
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Fixed Income
One Big Beautiful Bill
July 8, 2025 -- On July 3rd, Congress approved the sweeping One Big Beautiful Bill Act, which was signed into law on Independence Day, meeting the deadline for the bill set...
Fixed Income
Wire to Wire in the First Half of 2025
July 1, 2025 -- Standing at the midpoint of 2025, it’s clear that global markets have been anything but ordinary. From DOGE-driven political movements pushing for...
Municipal Fixed Income
Municipal Fixed Income Perspectives — July 2025
July 11, 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.