A line chart compares two bond yield series, with the y-axis showing yield labels ranging from 9% to 0% and the x-axis showing labels ranging from September 2018 to September 2026. The Bloomberg U.S. Municipal Index (tax-equivalent) yield (teal line) starts at approximately 4.5% in September 2018 and generally declines through late 2021 except for a spike to about 5.9% in March 2020. From late 2021 onward, the line generally rises with fluctuations. It reaches a peak of about 8.2% in September 2026 before declining slightly to end at about 7.6%. The Bloomberg U.S. Aggregate Index yield (dark green line) starts at approximately 3.3% in September 2018 and generally declines through late 2021. It then generally rises with fluctuations through October 2023, when it peaks at about 5.7%. From there, the line fluctuates in a range between about 5.7% and 4.1%, ending at about 5.4%.