In the latest MuniMinute, HilltopSecurities’ Tom Kozlik joins John Muschalek to break down what strong municipal fund inflows, a cooling labor market, and the Fed’s “higher-for-longer” message mean for investors.

More than $10 billion has already moved into municipal institutional funds in 2026, reinforcing continued demand for stability and generationally attractive yields.

In this episode:

• Why municipal demand remains strong despite rate uncertainty
• What a “disciplined year” for credit selection means in 2026
• The post-“golden age” realignment in public finance sectors
• Why investors shouldn’t try to time the market

As the muni market adjusts to a new cycle, Kozlik emphasizes a simple takeaway: take what the market is giving you.

Read Tom’s latest commentary: A Simple Fix to Keep the American Dream Alive: Carve Housing Bonds Out of the Volume Cap Limitation