As we reach the midpoint of 2025, municipal bond fundamentals remain resilient, supported by stable revenue streams and strong credit quality. At the same time, market uncertainty—driven by evolving fiscal and trade policies—has contributed to historically elevated yields. These conditions may present a compelling opportunity for investors to potentially enhance tax-equivalent income.

Join Lord Abbett’s municipal bond professionals for a timely discussion on the current state of the municipal bond market and what lies ahead. This midyear update will explore why an active approach may be well-suited to navigating today’s environment and capturing the potential of this diverse asset class. Key topics will include:

• Fundamentals: Many sectors continue to benefit from consistent revenue sources such as taxes and utility fees, reinforcing a broadly healthy credit landscape.
• Technicals: With nearly $500 billion in issuance last year and 2025 on track for another robust year, supply dynamics—driven by infrastructure needs and policy shifts—remain a key factor.
• Yield Curve: A positively sloped curve offers opportunities for investors willing to extend duration. The team will share insights on positioning along the curve to help optimize risk-adjusted returns.