For Tom Kozlik, head of public policy and municipal strategy at HilltopSecurities, the latest moves mean an opportunity to lock in attractive yields, as well as peace of mind. In fact, even before the move higher in yields this past week, he has been telling investors to use munis as a way to stabilize their portfolios.

“I don’t think that the geopolitical risk is a negative towards overall credit quality in municipals,” Kozlik said. “It’s just an opportunity for investors to gain investments at yields that, even just a week or two ago, I didn’t think that we would have again for some time.”

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