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

  • $118.2B

    in municipal fixed income

    assets under management2

    Presence
    Market power and institutional pricing across the municipal bond spectrum

FEATURED INSIGHTS

Whitepaper

MuniNotes: The Trump Agenda: What’s on the Horizon for Municipals

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

MuniNotes: The Trump Agenda: What’s on the Horizon for Municipals
Whitepaper

Municipal Bond Market: The Aftermath of the U.S. Election

We analyze the key factors that could affect future economic growth in the aftermath of the U.S. election.

Municipal Bond Market: The Aftermath of the U.S. Election
Whitepaper

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.

Municipal Bankruptcy: A Primer on Chapter 9

MUNICIPAL BOND PERSPECTIVES

 DocumentAudience
Weekly Fixed Income Update: Geopolitical Risks Continue to Push Down U.S. Treasury Yields -- U.S. Treasury yields finished the week close to unchanged, but not before most maturities reached new year-to-date lows. Investor
Municipal Market: Positive Momentum to Continue -- 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
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
MuniNotes: The Trump Agenda: What’s on the Horizon for Municipals -- Learn more about municipal credit trends from our municipal credit research team. Investor
State and Local Election Issues May Affect Municipal Markets -- We analyze key ballot initiatives, including thoughts on their chances for passage and what they might mean for municipal bond holders. Investor
Chicago Takes Fiscal Step Forward; Illinois Stands Still -- Illinois and Chicago remain outliers in municipal credit. Investor
Puerto Rico Begins a Long Road to Fiscal Balance -- ON JUNE 30, PRESIDENT OBAMA SIGNED the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) into law. The legislation creates a path for Puerto Rico to establish an independent oversight board responsible for managing the government’s financial operations and restructure debt. Investor
Puerto Rico: Legislation Passes but Process Will Take Time -- The U.S. Senate passed the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), creating a path for debt restructuring. Investor
 DocumentAudience
Connecticut’s Fiscal Struggles Continue -- Connecticut continues to grapple with budget deficits despite multiple sizable tax hikes. 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
State and Local Election Issues May Affect Municipal Markets -- We analyze key ballot initiatives, including thoughts on their chances for passage and what they might mean for municipal bond holders. Investor
Chicago Takes Fiscal Step Forward; Illinois Stands Still -- Illinois and Chicago remain outliers in municipal credit. Investor
Puerto Rico Begins a Long Road to Fiscal Balance -- ON JUNE 30, PRESIDENT OBAMA SIGNED the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) into law. The legislation creates a path for Puerto Rico to establish an independent oversight board responsible for managing the government’s financial operations and restructure debt. Investor
Puerto Rico: Legislation Passes but Process Will Take Time -- The U.S. Senate passed the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), creating a path for debt restructuring. 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, and a demonstrated willingness and ability to use them. Investor
 DocumentAudience
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
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
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
A Major Debit of Tax Credit Bonds -- Complications and costs of tax credit bonds could make them so uneconomical as to be infeasible. Investor
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
Regulatory Developments Affecting Municipal Bonds -- Learn more about the status of proposals for regulatory changes governing the financial markets, including the municipal market and funds that invest in municipal securities. Investor
 DocumentAudience
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
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
Do Tax Rates Affect Municipal Bond Pricing? -- Is the prospect of tax reform responsible for the relative cheapening of municipal yields? Investor
Premium Bonds -- This piece explains the potential benefits of purchasing premium bonds in a rising interest rate envioronment. 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
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
The Latest Threats to Municipal Bond Tax-Exemption -- New challenges to tax-exemption of municipal bonds have arisen throughout 2016. Investor
The Many Flavors of Yield -- How does a fund’s SEC yield differ from the dividend yield? 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
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
 DocumentAudience
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, Inflation Protected, Short Duration High Yield, Intermediate Duration, All-American and High Yield. 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
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
Municipal Bond Portfolio Reviews -- Explains the the portfolio review process and illustrates the potential benefits of hiring an active bond manager. Advisor
National Municipal and Taxable Fixed Income Funds Lineup -- Features portfolio data and performance for National Municipal Funds: Limited Term, Inflation Protected, Short Duration High Yield, Intermediate Duration, All-American and High Yield; and Taxable Funds: Short Term Bond, High Income Bond, Strategic Income and Preferred Securities. 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
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
The Municipal Bond Market Has Changed. Has Your Portfolio Adapted? -- Investor overview of today’s municipal bond market to understand the issues and take next steps. Investor

FEATURED STRATEGIES

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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 12/31/16.

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.

Risk considerations specific to each Fund are described in detail in the Fund's prospectus which is available on each Fund's overview page.

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

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