Why Long Munis Look Compelling Right Now

VanEck5.25K FollowersFollow5ShareSavePlay(9min)CommentsSummary30-year AAA munis are offering ~6.9–7.0% taxable equivalent yield, roughly 120–140 bps above long corporates.The muni curve spread between 10- and 30-year maturities sits at ~220 bps on a TEY basis, historically steep.This is a rate-driven setup, not a credit story, which makes the risk/reward unusually clean. syahrir maulana/iStock via Getty Images Index performance is not illustrative of fund performance. It is not possible to invest directly in an index. Yield alone should not be the basis for an investment decision. Past performance is no guarantee of future results. TheThis article was written byVanEck5.25K FollowersFollowVanEck is a global asset management firm offering ETFs, mutual funds, private funds, model portfolios, institutional strategies, separately managed accounts, as well as UCITS funds. Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission. VanEck has a long history of looking beyond financial markets to spot trends that create meaningful investment opportunities. We were one of the first U.S. asset managers to give investors access to international markets, which set the tone for identifying asset classes and themes such as gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 that later helped shape the investment industry. The firm oversees $161.7 billion in assets as of September 30, 2025. Disclosures: http://ow.ly/SZ9450N5qTJ.