BlackRock is expecting a banner month for municipal bonds. November has been the best month of the year for municipal bonds over the last 10 years, averaging a total return of 1.26%, according to Patrick Haskell, head of BlackRock's municipal bonds group. Combined with December's historically strong performance, the fourth quarter has been the top-performing period of the year, he said. "We anticipate a similar dynamic in 2025," Haskell wrote in a recent note. BlackRock manages over $181 billion in municipal assets for clients. Contributing to that strong showing has been November's average 31% month-over-month decline in issuance over the past five years, he said in a follow up email with CNBC. "Our primary markets team anticipates a similar slowdown in supply this year, further strengthe

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