
Short-Term Muni Gains Shield Investors From Long-Bond Struggles
(Bloomberg) — Muni investors seeking nearly instant gratification are being rewarded for their eagerness. State and local debt is often seen as a buy-and-hold investment, but in 2025 bonds maturing in under a year are performing the best of all muni segments, according to data compiled by Bloomberg. The municipal short-term index has jumped 1.3%…