In this episode of Muni Minute, HilltopSecurities’ John Muschalek and Tom Kozlik discuss why municipal yields remain compelling—despite the chaos across markets, geopolitics, and shifting rate expectations. With federal aid tapering off and uncertainty on the rise, Kozlik urges investors to stay focused:

• Muni credit is entering a new phase of normalization.
• Selectivity matters more than ever.
• Tuning out political noise is key.