Market Moment - May 2025

Market Moment - May 2025

In this Market Moment video update, Zions Wealth Director of Investment Management Anthony Valeri discusses why the municipal bond market could be an attractive entry point for investors looking for high-quality income.

Key takeaways:

• Municipal bond supply started to increase in early 2025 and remained elevated, which put pressure on the market
• Muni bond prices have fallen and yields are higher
• For investors in top tax brackets, this is still a compelling opportunity
• Remember to consider taxable equivalent yield
• Bottom line: While we don’t expect double-digit returns, we do think this is an attractive entry point for investors that need high-quality, tax-exempt income

Trust and fiduciary investment services are provided through Zions Wealth, a division of Zions Bancorporation, N.A. Amegy Bank, California Bank & Trust, The Commerce Bank of Oregon, The Commerce Bank of Washington, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and Zions Bank are divisions of Zions Bancorporation, N.A.

Investments are NOT insured by the FDIC or any federal or state government agency, are NOT deposits of or other obligations of, or guaranteed by, Zions Bancorporation or its affiliates, and MAY be subject to investment risks, including the possible loss of principal value or amount invested.