Generational opportunity in muni bonds is ‘slipping away,’ strategist says

Investors who want to take advantage of a generational opportunity to capture attractive income on municipal bonds may not want to wait much longer, according to strategist Tom Kozlik. Yields have already fallen by about 34 basis points — or 0.34 percentage point — since the beginning of September, he said. Bond yields move inversely to prices, so when yields fall, prices rise. "The opportunity for investors to lock in generationally attractive yields is slipping away every day," said Kozlik, head of public policy and municipal strategy at Hilltop Securities. "The cost of waiting is rising every day." He expects the downward trend in yields to continue into the beginning of next year, although it may not necessarily come in a straight line. But while yields may not be as high as they once