The Municipal Bond Market Monitor for the third quarter of 2025 offers an update on recent trends and developments in the municipal bond sector. The report, prepared by the Municipals Team at Morgan Stanley Investment Management, presents the views and opinions of the author as of October 9, 2025.
According to the team, "The views and opinions are those of the author as of the date of publication and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) and its subsidiaries and affiliates (collectively the Firm”), and may not be reflected in all the strategies and products that the Firm offers."
The material is intended for informational and educational purposes only. It does not serve as a recommendation to buy or sell specific securities or adopt any particular investment strategy. As stated in the report, "This material is a general communication, which is not impartial, is for informational and educational purposes only, not a recommendation to purchase or sell specific securities, or to adopt any particular investment strategy. Information does not address financial objectives, situation or specific needs of individual investors."
The document also notes that charts and graphs included are meant for illustration only. Past performance figures are presented but do not guarantee future results. All investments carry risks, including potential loss of principal.
For more detailed information and disclosures, readers are directed to consult the full document.