BlackRock Sees Improving Muni Returns This Year, Haskell Says

Municipal bonds are poised for a solid year after lagging US Treasuries in 2025 as market conditions stabilize, according to Pat Haskell, head of the municipal bond group at BlackRock Inc.

He expects investment-grade muni debt to deliver “mid- to upper-single-digit returns” for investors, while the high-yield segment of the market will could earn “high single digits to low double digits,” Haskell said in an interview.