In the latest Muni Minute, HilltopSecurities’ John Muschalek and Tom Kozlik break down why municipal bond investors and advisors must act now. Following weak jobs data and key revisions, the Fed appears poised to cut rates—possibly by 50 bps. The shift Tom’s been prepping investors for on is no longer coming—it’s here, and it’s gaining speed.

Key insights include:

• Why we’re now past the “watch and wait” phase
• What lower rates and limited bond supply mean for investors
• How today’s muni yields still offer generational opportunities—but not for long
• What to expect from the Fed in October and December
• Don’t wait to get caught flat-footed.