Bond prices have been falling. The headlines make that sound like a problem. For anyone who actually wants income from their portfolio, it is closer to an invitation.
When prices drop, yields rise. That is the simple inverse relationship that keeps getting lost in the coverage. Dan Close, Nuveen’s chief investment officer and head of municipal fixed income, told MarketWatch that U.S. mutual funds and ETFs have already taken in $68 billion of client money in 2026. His read: even after this move is finished, the absolute level of yields is worth locking in.
