Skip to main content
utility-drawer__close
0
Welcome to Nuveen
Select your preferred site so we can tailor your experience.
Select Region...
  • Americas
  • Asia Pacific
  • Europe, Middle East, Africa
location select
Select Location...
  • Canada
  • Latin America
  • United States
  • Australia
  • Hong Kong
  • Japan
  • Mainland China
  • Malaysia
  • New Zealand
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Other
  • Abu Dhabi Global Market (ADGM)
  • Austria
  • Belgium
  • Denmark
  • Finland
  • France
  • Germany
  • Ireland
  • Italy
  • Luxembourg
  • Netherlands
  • Norway
  • Spain
  • Sweden
  • Switzerland
  • United Kingdom
  • Other
location select
Select Site...
  • Institutional Investor
  • Individual Investor
  • Financial Professional
  • Global Cities REIT (GCREIT)
  • Green Capital
  • Private Capital Income Fund (PCAP)
location select
Municipal Bonds

Home field advantage: Muni bonds power America’s World Cup cities

Dan Close
Head of Municipals
Margot A. Kleinman
Head of Municipal Research, Portfolio Manager
Upward view of a modern building's glass skylight atrium with curved architectural details and ambient lighting

The municipal bond market has long been the backbone of American public infrastructure. This summer, as the FIFA World Cup comes to the U.S. for the first time in 32 years, that role is on full display. Across 11 host cities, municipal bonds are financing the expanded infrastructure needed to welcome the world — while delivering tax-exempt yields to investors and long-term community benefits.

By the numbers

Download the full report

Related articles

Municipal Bonds Muni Minute: Munis take a pause; attractive setup heading into July
Weekly municipal bond market insights covering performance trends, supply dynamics and investment opportunities.
Municipal Bonds Munis in your community: Scorecard
Explore the connections between effective municipal investing and Americans' lived experience, with deep dives into specific sectors as we update our analysis.
Municipal Bonds Understanding duration
See how duration measures bond price volatility. Nuveen covers coupon rates, maturity, and call provisions to sharpen your fixed income investment strategy.

You are on the site for: Financial Professionals and Individual Investors. You can switch to the site for: Institutional Investors or Global Investors

Endnotes

1 FIFA has received 350M ticket requests for the World Cup – POLITICO.

2 Super Bowl LVII totals more than 113 million viewers, ranks second most-watched game ever | Nielsen.

3 U.S. Department of Transportation, Press Release, March 2026.

4 Federal Emergency Management Agency, Press Release, March 2026.

5 U.S. Department of Transportation, Press Release, March 2026.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her financial professionals.

The views and opinions expressed are for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors, such as market or other conditions, legal and regulatory developments, additional risks and uncertainties and may not come to pass. This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. Any changes to assumptions that may have been made in preparing this material could have a material impact on the information presented herein by way of example. Performance data shown represents past performance and does not predict or guarantee future results. Investing involves risk; principal loss is possible.

All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such. For term definitions and index descriptions, please access the glossary on nuveen.com. Please note, it is not possible to invest directly in an index.

Important information on risk

Investing involves risk; principal loss is possible. All investments carry a certain degree of risk and there is no assurance that an investment will provide positive performance over any period of time. Investing in municipal bonds involves risks such as interest rate risk, credit risk and market risk. The value of the portfolio will fluctuate based on the value of the underlying securities. There are special risks associated with investments in high yield bonds, hedging activities and the potential use of leverage. Portfolios that include lower rated municipal bonds, commonly referred to as “high yield” or “junk” bonds, which are considered to be speculative, the credit and investment risk is heightened for the portfolio. Bond insurance guarantees only the payment of principal and interest on the bond when due, and not the value of the bonds themselves, which will fluctuate with the bond market and the financial success of the issuer and the insurer. No representation is made as to an insurer’s ability to meet their commitments.

This information should not replace an investor’s consultation with a financial professional regarding their tax situation. Nuveen is not a tax advisor. Investors should contact a tax professional regarding the appropriateness of tax-exempt investments in their portfolio. If sold prior to maturity, municipal securities are subject to gain/losses based on the level of interest rates, market conditions and the credit quality of the issuer. Income may be subject to the alternative minimum tax (AMT) and/or state and local taxes, based on the state of residence. Income from municipal bonds held by a portfolio could be declared taxable because of unfavorable changes in tax laws, adverse interpretations by the Internal Revenue Service or state tax authorities, or noncompliant conduct of a bond issuer. It is important to review your investment objectives, risk tolerance and liquidity needs before choosing an investment style or manager.

Nuveen, LLC provides investment solutions through its investment specialists.

This information does not constitute investment research as defined under MiFID.

You are about to access our website for visitors outside of the United States.

You are about to access our website for Nuveen Global Cities REIT

You are leaving the Nuveen website.

You are leaving the Nuveen website and going to the website of the MI 529 Advisor Plan, distributed by Nuveen Securities, LLC.

The Nuveen website for institutional investors is available for you.

You are about to access our website for visitors outside of the United States.

You are about to access our website for Nuveen DMAT Cart

You are about to access our website for Nuveen Churchill Private Capital Income Fund (“NC - PCAP”)

Back to Top

You are leaving the Nuveen website.

You are leaving the Nuveen website and going to the website of the MI 529 Advisor Plan, distributed by Nuveen Securities, LLC.

Looking to Access SMAs?

This portal is exclusively for Separately Managed Account (SMA) access and resources. Not what you need? If you're looking for 529 plan account access, please stay on this page and use the link provided below the advisor portal section.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com

By clicking on the continue button below, you will be taken to the Funds’ transfer agent and shareholder services website, provided by a third party. This third party is responsible for bookkeeping, data processing and administrative services for the maintenance of the Funds’ shareholder accounts.

You are leaving Nuveen.com

By clicking on the continue button below, you will be taken to the Funds’ transfer agent and shareholder services website, provided by a third party. This third party is responsible for bookkeeping, data processing and administrative services for the maintenance of the Funds’ shareholder accounts.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are about to access our website for Nuveen Global Cities REIT

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

The Nuveen website for institutional investors is <i>available for you</i>

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

You are about to leave Nuveen's website and access a website that is unaffiliated with Nuveen. Nuveen does not assume responsibility or liability for the content or privacy policies of external sites.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com

By clicking on the continue button below, you will be taken to the Funds’ transfer agent and shareholder services website, provided by a third party. This third party is responsible for bookkeeping, data processing and administrative services for the maintenance of the Funds’ shareholder accounts.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are about to access our website for visitors outside of the United States.

You are about to access our website for visitors outside of the United States.

You are leaving Nuveen.com.

You are about to leave Nuveen's website and access a website that is unaffiliated with Nuveen. Nuveen does not assume responsibility or liability for the content or privacy policies of external sites.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are leaving Nuveen.com.

The information and services provided on this independent site are not reviewed, guaranteed, or endorsed by Nuveen or its affiliates.

You are about to access our website for Nuveen DMAT Cart

You are about to access our website for visitors outside of the United States.

The Nuveen website for institutional investors is available for you.

You are leaving the Nuveen website.

You are leaving the Nuveen website and going to the website of the MI 529 Advisor Plan, distributed by Nuveen Securities, LLC.

You are about to access our website for Nuveen Churchill Private Capital Income Fund (“NC - PCAP”)