Municipal Market Adjustment: Volatility, Selectivity, and the Case for Active Management

Dave Hammer, PIMCO's Head of Municipal Bonds, explores the current investment opportunities in the municipal bond market. He argues that with attractive interest rates, solid credit quality, and seasonal factors affecting bond prices, now is an opportune time to enter the market. He also highlights the expanding universe of municipal investing, including more customized private debt solutions, emphasizing that deep credit research and patient sector allocation are key drivers of long-term returns.