BAM Mutual

The #municipalbonds market is coming off a record year in 2024, and US high-net-worth investors are likely to have even more opportunities to invest in 2025. In a new Asset TV U.S. segment, BAM Mutual CEO Seán W McCarthy discussed the key issues buyers should watch out for, including the possibility for credit stress in some cities, towns, and school districts, and the potential benefits of bond insurance in individual portfolios. https://hubs.la/Q030V7R40

Before we turn the page on 2024, we wanted to take a quick look back at a landmark year for #municipalbonds ... and for BAM Mutual! Thanks to all of the member-issuers, underwriters, investors, municipal advisors, attorneys and other market participants who worked with us to help make the market more efficient, transparent, and effective this year ... here's to continued strong investment in essential infrastructure in 2025!

Municipal bond yields moved higher again in the last full week of trading in 2025, as investors continued to grapple with uncertainty about inflation. BAM insured more than $65 million of new issues as the primary market wound down ahead of the holidays.

Yields on #municipalbonds moved higher in the last full week of trading in 2025, underperforming Treasuries. Investors pulled money from muni mutual funds again, as they continued to grapple with uncertainty about inflation.

#Municipalbonds investors are starting to look ahead to the 2025 landscape. For one perspective: Craig Brandon from Morgan Stanley Investment Management joined CNBC's #MuniMoney team to share his outlooks for everything from short-term supply and demand dynamics to the potential impact of new Federal restrictions in 2025. BAM is pleased to sponsor CNBC's Muni Money reports to help educate investors and policymakers about current topics in the municipal bond market.

State and local government issuers raised more than $12 billion from new-issue #municipalbonds sales in what is likely to be final active week for the record-breaking 2024 Primary Market. Tax-exempt yields ended the week higher after running into headwinds from inflation data, a weak 30-year Treasury bond auction, and the first mutual fund outflows in nearly six months.

State and local government issuers raised more than $12 billion from new-issue #municipalbonds sales in what is likely to be final active week for the record-breaking 2024 Primary Market. Tax-exempt yields ended the week higher after running into headwinds from inflation data, a weak 30-year Treasury bond auction, and the first mutual fund outflows in nearly six months.

Allspring Global Investments, BAM Mutual, and MassMutual Investments' experts discuss the state of the municipal #BondMarket, investment strategies, and the impact of economic and political changes 👉 https://lnkd.in/ez9VNse6 Sharing their thoughts are Andrew Clinton, CEO of Clinton Investment Management, LLC and Portfolio Manager for the Clinton Municipal Funds at MassMutual Investments, Michael Weinstein, Head of Surveillance, at Build America Mutual and Nick Venditti, Senior Portfolio Manager & Head of the Municipal Fixed Income Team, at Allspring Global Investments. #ATVMasterclass

The Thanksgiving holiday did not satisfy investors’ appetite for #municipalbonds. Tax-exempt yields continued to fall last week, even as the new-issue calendar sprang back to life. BAM insured nearly $600 million of new issues, led by a pair of sales from Indiana and Michigan.