Introducing Bond Buyer Market Intelligence

BY SourceMedia | MUNICIPAL | 10/28/25 01:25 PM EDT By Mike Scarchilli

The muni market is moving faster than ever. Rates shift. Litigation risk creeps in from the margins. Policy whiplashes investors ? with increasingly more potential impact to credit and market technicals. Pricing transparency still isn't what it should be.

Conversations across the market keep circling back to this: What does it all mean and where is the opportunity now?

To answer that, we're building something new.

I'm excited to introduce Jeff Lipton as The Bond Buyer's first Market Intelligence analyst ? and the newest voice helping us interpret this market in real time. Jeff isn't here to summarize what you already know. He's here to dig into what matters next and why. He's spent 25 years navigating cycles from inside major institutions, and what sets him apart isn't just his market knowledge; it's the clarity with which he connects policy, risk, structure and behavior.

Jeff will be writing frequently ? not just long columns, but sharp reactions, explanatory threads and perspective pieces that go beyond headlines. You'll also hear him on The Bond Buyer Podcast, see him on stage shaping panels, and watch his work fuel smarter conversations across fixed income desks, issuer offices and law firms alike.

This launch also coincides with the debut of Legal Intelligence, our new experience for bond counsel and public finance attorneys ? the first of several role-based platforms designed around how you work, not just what you read.

We're not just covering the muni market. We're investing in helping you navigate it, question it and lead inside it.

This is the start of a new dimension of insight at The Bond Buyer, and Jeff sets the tone with his first contribution. I invite you to read his debut column and join us in this next chapter.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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