$VKQ

Invesco Municipal Trust (VKQ), a leveraged municipal bond closed-end fund, has been experiencing quiet but persistent gains, signaling growing optimism for rate cuts in the bond market. Despite muted news and a cautious Wall Street outlook, VKQ has shown a solid recovery and respectable total returns over the past year, driven by tightening credit spreads and investor confidence in a gentler Federal Reserve. The fund offers tax-advantaged income for investors, though it carries interest-rate and leverage risks, and its future performance largely depends on Federal Reserve policy, the health of state and local finances, and overall investor appetite for leveraged income vehicles.