Municipal Bonds That “Put” a Little Extra Income In Your Pocket

July 28, 2025 — Bonds with mandatory put features — which require the issuer to repurchase the bond before final maturity — are gaining traction, offering investors an attractive yield premium. While these structures come with added complexity, they also present a compelling opportunity for those who understand how to manage the nuances. In this piece, we explore why these “puttable” bonds are trading at wider spreads and how savvy investors can capitalize on their income potential.