“This could be one of the best muni windows left this year.”

As October muni issuance ramps up, HilltopSecurities’ Tom Kozlik and John Muschalek break down why this window could offer one of the strongest municipal bond opportunities of the year.

Building on Tom’s recent commentary, https://www.hilltopsecurities.com/mun…, the discussion explores:

• The Fed’s latest move—and what it signals for investors
• Why October’s issuance spike matters for price discovery
• What a government shutdown could mean for market visibility
• Where investors might still find attractive entry points

As year-end volatility looms, Kozlik and Muschalek unpack what’s signal vs. noise—and what to watch next.