Long-form muni education, from the trading desk to your portfolio.
Every article on Municipal Bonds Today is written or reviewed by a working fixed income professional. No hot takes, no clickbait — just the analysis we wish existed when we started.
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California & Illinois: A Tale of Two Municipal Bond Markets
California and Illinois anchor the two ends of the U.S. muni credit spectrum. Understanding both is a masterclass in how state fiscal management shapes bond value.
Building a Municipal Bond Portfolio That Actually Fits Your Life
A muni portfolio is not a pile of bonds — it's a structure. Get the structure right and everything from tax efficiency to retirement income falls into place.
Municipal Bonds vs Corporate Bonds: A Head-to-Head Comparison
Munis and corporate bonds compete for the same dollars in most taxable portfolios. Here is how they compare on the five dimensions that matter.
The Tax Advantages of Municipal Bonds Explained
The muni tax exemption is the single most valuable feature in fixed income. Here is exactly what it means, how to measure it, and where it does not apply.
Understanding Municipal Bond Credit Ratings
A rating is a shorthand for a long letter. Understand the letter and you become a better bond investor than 95% of the retail market.
Active Municipal Bond Management: A Framework for Adding Value
The muni market is fragmented, opaque and highly retail-driven — the exact conditions where active management can still add alpha. Here is the framework professionals use.
Selling Municipal Bonds: When to Trade Out and How to Do It Well
Most retail muni investors buy and hold. When you do need to sell — for tax loss harvesting, credit deterioration or a life event — the mechanics matter enormously.
How to Buy Municipal Bonds: A Practical Investor's Guide
Buying a municipal bond is more than clicking a ticker. From CUSIP-level due diligence to reading the official statement, here is the practical process professional fixed income buyers use.