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Beyond Treasuries - the case for taxable US municipal bonds

Global Credit – The AI Issuance Boom

27 August 2026 Fixed income

Concerns around the US fiscal outlook have prompted investors to reassess traditional fixed income allocations. Against this backdrop, taxable US municipal bonds continue to offer characteristics that may appeal to investors seeking high-quality income, including resilient credit fundamentals, attractive relative value and exposure to essential-service infrastructure. Our latest paper examines how the opportunity set has changed in 2026 and why selected revenue-backed municipal bonds may compare favourably with Treasuries and other high-quality fixed income alternatives.

 

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