Municipal Bond Investment Center

Leading the Way in Municipal Bonds

  • 119

    years of experience

    Experience
    A heritage focused on relative value, principal growth and tax-aware investing

  • 25

    credit research analysts2

    Research
    One of the industry's largest, most experienced credit research teams

  • $130.8B

    in municipal fixed income

    assets under management2

    Presence
    Market power and institutional pricing across the municipal bond spectrum

FEATURED INSIGHTS

Whitepaper

MuniNotes: Big Questions, Steady Course in the Municipal Market

Learn more about municipal credit trends from our municipal credit research team.

MuniNotes: SALT in the Wound for Municipals?
Investing Tool

Bond Investing
Ladder Tool

Nuveen's Bond Investing Ladder Tool can help you see how a laddered portfolio may perform in rising rate environments.

Bond Investing Ladder Tool
Whitepaper

The Case for Investing in U.S. Municipal Bonds

Why is non-U.S. and domestic investor interest in muni bonds growing?

The Case for Investing in U.S. Municipal Bonds

MUNICIPAL BOND PERSPECTIVES

 DocumentAudience
MuniNotes: SALT in the Wound for Municipals? -- Learn more about municipal credit trends from our municipal credit research team. Investor
Weekly Fixed Income Update: U.S. Treasury Curve Resumes Flattening Trend -- The yields of Treasuries with maturities of 5 years or less rose last week, while the yields of Treasuries longer than 5 years declined. Investor
Senate Tax Reform Bill Friendlier to Municipals, but Risks Remain -- We identified key components of the Senate proposal that may affect the municipal market should they be part of a final package. Investor
Tax Reform Proposal a Mixed Bag for the Municipal Market -- We identified key components of the proposal that may affect the municipal market should they be part of a final package. Investor
A Long Road Ahead for Puerto Rico -- Puerto Rico’s situation has dramatically changed from a financial to humanitarian crisis. However, many open questions and unresolved issues remain for Puerto Rico’s creditors. Investor
Municipal Market: Credit Selection Is Key -- Co-Head of Fixed Income John Miller comments on the municipal markets over the past quarter. Investor
Municipal Market Recap and Outlook -- Economic outlook with information concerning our economy, along with inflation, interest rates, municipal bond supply and demand, and credit conditions. Investor
Florida Municipal Bonds Expected to Weather the Storm -- While it is far too early to fully assess the damage, we believe Florida’s municipal obligations should remain strong. Investor
Are States Collecting Their Fair Share of Taxes? -- A changing American economy may require a modernized muncipal taxation system. Investor
Weathering the Storm: Municipal Bonds Should Remain Strong -- While it is far too early to fully assess the damage wrought by Hurricane Harvey, we believe the municipal obligations of states and communities affected by the storm should remain strong. Investor
Despite Passing a Budget, Illinois' Fiscal Challenges Remain -- Illinois' historic two- year budget impasse ended on July 6, but headline risk and pricing volatility will continue to be risks of investing in Illinois credits. Investor
Puerto Rico’s Long-Anticipated Debt Restructuring Begins -- Puerto Rico’s Fiscal Oversight Board submitted a Title III petition, pursuant to PROMESA passed by Congress in 2016. Investor
Will Sanctuary Cities Suffer? -- Should sanctuary cities fear executive orders that include provisions to strip federal funding from state and local governments? Investor
Municipal Bond Market: The Aftermath of the U.S. Election -- What has happened in the municipal bond market since the November 2016 election? Investor
Spendthrifts or Penny Pinchers? -- Consider these common misconceptions about state and local government finances. Investor
 DocumentAudience
A Long Road Ahead for Puerto Rico -- Puerto Rico’s situation has dramatically changed from a financial to humanitarian crisis. However, many open questions and unresolved issues remain for Puerto Rico’s creditors. Investor
Florida Municipal Bonds Expected to Weather the Storm -- While it is far too early to fully assess the damage, we believe Florida’s municipal obligations should remain strong. Investor
Are States Collecting Their Fair Share of Taxes? -- A changing American economy may require a modernized muncipal taxation system. Investor
State of the States: New York -- New York State has a wide array of tools at its disposal to adapt and to maintain financial stability. Investor
Weathering the Storm: Municipal Bonds Should Remain Strong -- While it is far too early to fully assess the damage wrought by Hurricane Harvey, we believe the municipal obligations of states and communities affected by the storm should remain strong. Investor
The Commonwealth of Pennsylvania: A Balancing Act -- Pennsylvania has persistently struggled to pass a timely budget for much of the past decade. Investor
Despite Passing a Budget, Illinois' Fiscal Challenges Remain -- Illinois' historic two- year budget impasse ended on July 6, but headline risk and pricing volatility will continue to be risks of investing in Illinois credits. Investor
California: A Comeback Credit -- California’s credit improvement and rating upgrades were driven by surging revenues, controlled expenditures and improved governance. Investor
Connecticut’s Fiscal Struggles Continue -- Connecticut continues to grapple with budget deficits despite multiple sizable tax hikes. Investor
Puerto Rico’s Long-Anticipated Debt Restructuring Begins -- Puerto Rico’s Fiscal Oversight Board submitted a Title III petition, pursuant to PROMESA passed by Congress in 2016. Investor
Will Sanctuary Cities Suffer? -- Should sanctuary cities fear executive orders that include provisions to strip federal funding from state and local governments? Investor
Spendthrifts or Penny Pinchers? -- Consider these common misconceptions about state and local government finances. Investor
New Jersey: Why the Garden State is Under Scrutiny -- New Jersey has been under scrutiny due to fiscal challenges, and current events validate the market’s concern. Investor
State of the States: Minnesota -- How do Minnesota’s economic and wealth metrics compare to national marks? Investor
 DocumentAudience
Municipal Bonds: Staying the Course Usually Benefits Investors -- Analysis of the last three periods of municipal market volatility suggests that investors that stay the course may benefit from their patience. Investor
Municipal Market: How Rates Rise Matters -- In prior rising rate environments, various parts of the municipal yield curve reacted differently based on economic conditions and the pace and scale of Fed activity. Investor
Infrastructure Debt: Pipeline to yield, diversification and lower risk -- Municipal bonds are a prime source of public infrastructure debt exposure. As a diversifying complement to corporate or sovereign debt, muni bonds historically have offered attractive yields, high credit quality, and very low default rates, compared to similarly-rated corporate bonds. Advisor
Waiting to Extend: A Forward-Looking Approach to Fixed Income Investing -- This report provides investors and their advisors with a tool for quantifying the consequences of delaying one’s purchase of long-term bonds and for setting a target that interest rates must reach to justify such a delay. Investor
The Markup Rule for Municipal Bonds -- An MSRB rule now requires dealers to post markup information on the confirmations of non-institutional customers. Investor
Simulating the Effects of Rising Rates on Municipal Bond Returns -- For investors with a longer time horizon, higher interest rates may mean better total returns Investor
 DocumentAudience
The Many Flavors of Yield -- How does a fund’s SEC yield differ from the dividend yield? Investor
Why Institutionally Managed Municipal Bond Portfolios? -- Market changes call for sophisticated municipal advice and market access. Investor
Municipal Bonds: Understanding the Fundamentals -- Understanding the basic differences between GO and revenue bonds can help one build an appropriate municipal bond strategy. Investor
Municipal Bankruptcy: A Primer on Chapter 9 -- Understand the key components of Chapter 9, state actions to deter future filings and circumstances of recent municipal bankruptcy filings. Investor
Is High Yield High Risk? A Primer on Municipal High Yield -- Many misunderstand high yield muni issuers, thinking they must be in financial distress. Investor
Finding the Right Fit: Municipal Bond Solutions -- Learn about key factors to consider when evaluating different types of municipal bond investments. Investor
The Case for Investing in U.S. Municipal Bonds -- Why is non-U.S. and domestic investor interest in muni bonds growing? Investor
Understanding Duration -- Explains the concept of duration. Investor
Understanding Land-Secured Municipal Bonds -- Development has resumed in some land-secured projects that were stalled during the real estate downturn. Investor
Can Active Management of Fixed Income Portfolios Add Value? -- Can active management of fixed income portfolios produce higher total returns than simply buying and holding bonds? Investor
Riding the Yield Curve in Up and Down Markets -- Explains the municipal strategy of riding the yield curve when investing in intermediate bonds. Investor
Individual Investors are at a Pricing Disadvantage (full) -- The inefficient bond market can make it difficult for retail investors to obtain the best prices. In general, the larger the trading block, the lower the trading costs. Learn more about institutional trade execution and active management. See the types of trades that can be considered when costs are more efficient. Investor
Individual Investors are at a Pricing Disadvantage -- The inefficient bond market can make it difficult for retail investors to obtain the best prices. In general, the larger the trading block, the lower the trading costs. Learn more about institutional trade execution and active management. Investor
Is High Yield High Risk? What Investors Should Know (presentation) -- What investors should know when seeking yield in the municipal market Advisor
Two Is Greater Than One -- A research piece that reviews the benefits of a diversified portfolio that includes both municipals and equities. Investor
 DocumentAudience
Featured Municipal and Taxable Fixed Income Funds Lineup -- Features portfolio data and performance for Municipal Funds: Limited Term, Short Duration High Yield, Intermediate Duration, All-American and High Yield; and Taxable Funds: Symphony Floating Rate, Preferred Securities, NWQ Flexible Income, TIAA-CREF Bond Plus and TIAA-CREF Social Choice Bond. Investor
NAV Breakpoint Purchase Sales Idea -- Features portfolio data and performance for Municipal Bond Funds: Limited Term, Short Term Municipal Bond and Short Duration High Yield; and Taxable Funds: Short Term Bond and Symphony Floating Rate Income. Advisor
National Municipal Bond Funds Lineup -- Features portfolio data and performance for National Municipal Funds: Short Term, Limited Term, Short Duration High Yield, Inflation Protected, Intermediate Duration, All-American and High Yield. Investor
Investing in America -- Discusses the reasons for municipal bond investing, Nuveen's municipal bond expertise and outlines the municipal bond mutual funds offered through Nuveen. Investor
Building Better Municipal Portfolios -- Investment grade municipal bonds can provide diversification and tax efficiency, but not all bonds are alike. Investor
A History of Results and Stability from a Municipal Industry Leader -- A case for the Nuveen Limited Term Municipal Bond Fund in the current economic environment. Investor
Three Reasons to Invest in High Yield Municipal Bonds -- An allocation to high yield municipal bonds may help address the risks of rising rates, provide additional total return if spreads narrow and dampen volatility through lower historical correlation. Features two Nuveen high yield municipal bond funds. Investor
Municipal Bond Opportunities Across the Yield Curve -- Different parts of the yield curve or credit spectrum may offer various risk and reward characteristics. Municipal bond mutual funds offer tax-exempt income and may help dampen volatility in a diversified portfolio. Investor
The Municipal Bond Market has Changed Presentation -- Investing in municipal bonds has become more complicated since the financial crisis. Understanding the current environment may help investors evaluate the need for actively managed municipal bond solutions. Investor
The Municipal Bond Market Has Changed. Has Your Portfolio Adapted? -- Investor overview of the municipal bond market to understand the environment and take next steps. Investor
Municipal Bond Portfolio Reviews -- Explains the the portfolio review process and illustrates the potential benefits of hiring an active bond manager. Advisor
Are Taxes Creating a Drain on Your Portfolio? -- A prospecting tool that advisors can send to their clients who are interested in municipal bond investment solutions and outlines Nuveen's muni bond offerings. Investor
Municipal and Taxable Fixed Income Managed Accounts -- Features data for national municipal and taxable fixed income managed account strategies. Advisor

FEATURED STRATEGIES

Mutual
Funds
Closed-End
Funds
Separately
Managed
Accounts

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1 Nuveen Investments, Inc. traces its history back to 1898. Nuveen's asset management business was established in 1989.

2 Nuveen Asset Management credit research analysts and municipal fixed income assets under management as of 9/30/17.

There can be no assurance that any investment or asset class will provide positive performance over any period of time. Investing in municipal bond products involves risks, including, but not limited to, interest rate risk, the risk that interest rates will rise, causing bond prices to fall; and credit risk, the risk that an issuer of a municipal bond will be unable to make interest and principal payments when due. Bond may be callable, which may increase the interest rate risk exposure. Upon call, an investor may be confronted with a less favorable interest rate environment than the one existed when the original bond was purchased. High yield or lower rated municipal bonds are subject to heightened credit risk and risk of default. As with any investment, loss of principal is a risk of investing. Nuveen is not a tax advisor. Please consult a tax advisor regarding the suitability of municipal investments in an overall portfolio. Income may be subject to state and local taxes and the alternative minimum tax.

Open-end mutual funds, closed-end funds, and separately managed accounts are different types of investment vehicles with different expense structures and different inflows/outflows and distribution requirements. Risk considerations specific to each Fund are described on each Fund's Overview page.

Closed-end fund shares may frequently trade at a discount or premium to their net asset value. Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital.

Funds feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Securities, LLC.

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