
Karl Zeile
Fixed income portfolio manager with over 30 years of experience specializing in municipal bonds and public finance, discussing muni-market structure, tax advantages and investment frameworks.
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Apr 2, 2026 • 26min
Why municipal bonds can win on an after-tax basis
Karl Zeile, a fixed income portfolio manager with 30+ years specializing in municipal bonds, explains why munis matter now. He outlines muni market structure, tax advantages and a practical framework for using munis in portfolios. Karl also discusses market dynamics after 2025, risks like credit attachment, and how curiosity and collaboration shape investment decisions.


