American Century’s Gotelli Talks Muni Bond Trends

This article was originally published on ETFTrends.com.

The muni bond landscape picked up significant interest to end 2025, with investors clamoring for the yields available therein. American Century Investments Vice President and Senior Portfolio Manager Joe Gotelli recently sat down with VettaFi to talk about the muni bonds outlook. He covered what's changed, where the opportunities are, and what's next.

Record pace of municipal bonds issuance this year has been met with equally robust demand.

Underperformance in late spring has turned into summer outperformance as attractive yields continue to draw retail demand.

High net worth investors continue to place value on strong levels of tax-free income.

Gotelli, who joined American Century in 2008, shared his view on muni bond investing right now, as well as where it might go. In his words, the year has seen the muni bond market move from spring underperformance to a brighter summer. Investors, he said, continue to allocate to munis "pretty strongly" this year, following early underperformance associated with the conflict in the Middle East.

"Some of the underperformance has been taken out of the market, given the strong demand

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/articles/american-century-gotelli-talks-muni-181846256.html)