Understanding the Hidden Risks in High-Yield Municipal Bonds
June 26, 2025 — Fixed income investors are often caught in a balancing act: the pursuit of higher yields versus the need to manage risk. In today’s environment, where investment grade municipal bonds offer modest returns, many investors are drawn to high-yield municipal bonds for their significantly higher income potential. Historically, this strategy has paid off — especially when investments are made through diversified, commingled funds that offer liquidity buffers.
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Fixed Income
Cooling on the Surface, Steady at the Core: Retail Sales Tell a Mixed Tale
June 24, 2025 -- Retail sales may have stumbled in May, but don’t count the consumer out just yet. While the headline number showed the biggest drop in nearly two years...
Municipal Fixed Income
Tax Exempt Fixed Income Overview
Municipal Fixed Income
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.