With inflation at its highest point in decades and the Federal Reserve expected to continue to aggressively raise interest rates, municipal bonds may offer opportunities not seen in years.

More interest rate hikes are likely this year as the Federal Reserve tries to curb inflation; here are answers to eight common questions on ways these hikes may affect the fixed income markets and how to navigate this higher-rate environment.

Prices have fallen sharply, creating an opportunity for income-oriented investors who can ride out the volatility. Investors should understand the risks, however.

Unfunded pension liabilities for state and local governments are in their best condition in nearly a decade, supporting the case that credit quality in the municipal bond market has improved.

If the Federal Reserve hikes rates, investment-grade floating-rate note yields may rise—but there are pros and cons to investing in them.

Beginning quantitative tightening soon after rate hikes is a big departure from the Federal Reserve’s past policy.

A change in fundamentals could make international bonds more attractive.

We expect the municipal bond market to return to a sense of normalcy in 2021.

We don’t believe 2021 will be as bumpy as this past year, and corporate bond investments appear relatively attractive today.