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MUNICIPAL MARKET UPDATE

Municipal market quarterly update

Apr 21, 2026

James Schwartz, CFA
Patrick Haskell
Sean Carney

Opportunity building in municipal bonds amid market volatility

After a strong start to the year, geopolitical and macro uncertainty triggered a March repricing that offset earlier gains
Improved valuations and upcoming seasonal tailwinds support a more constructive outlook
Fundamentals remain solid, but rising credit dispersion reinforces selectivity

View market update here

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Patrick Haskell

Head of Municipal Bonds

Patrick Haskell, Managing Director, Head of the Municipal Bond Group within the Portfolio Management Group (PMG) as well as Global Head of Financial Institutions Group Investments Business.

View Patrick Haskell bio View Patrick Haskell bio

Sean Carney

CIO of Municipal Bond Funds

Sean Carney, Managing Director and Head of the Municipal Strategy team within BlackRock's Municipal Fixed Income business in BlackRock's Portfolio Management Group.

View Sean Carney bio View Sean Carney bio

James Schwartz, CFA

Head of Municipal Credit Research

Jim Schwartz, CFA, Managing Director, is Head of Municipal Credit Research with Municipal Fixed Income business in BlackRock's Portfolio Management

View James Schwartz bio View James Schwartz bio

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