$SPMB

The Q1 2026 recap highlights strong demand for municipal bonds, with heightened purchasing driven by both institutional and retail investors. This trend indicates a growing confidence in local and state governments' fiscal stability post-pandemic. Amid rising interest rates, munis have been favored due to their tax advantages and perceived safety. Several states reported improved revenues, further boosting investor sentiment in municipal bonds. Overall, the environment suggests a continued bullish outlook for the muni market moving forward.