Market Insights: Market Volatility Ending on a Positive Note

• 2025 market volatility, yields and relative value
• Duration positioning and curve opportunities

Credit Insights: Expect the Unexpected

• Sector-by-sector municipal credit outlook
• Emphasis on resilience and capital preservation

*The contents of this commentary are intended for educational purposes only and are not intended to be relied upon as a forecast, research or investment advice, nor should it be considered a recommendation, offer, or solicitation for the purchase or sale of any security or to adopt a specific investment strategy. All opinions expressed in this commentary are subject to change without notice. Nothing in this commentary should be considered tax or legal advice and investors should contact their tax professional for information regarding their tax situation. Please refer to the Disclosures link below for additional information.https://www.bellehaven.com/disclosures

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