Biography
Ryan Friend is a Senior Investment Analyst on the Municipal Bond Team at Loomis, Sayles & Company. Previously, he was a Credit Research Analyst covering municipal bonds and was promoted to Senior Analyst in 2023, and joined the Municipal Bond Team in 2025. Ryan joined Loomis Sayles in 2019 as part of the firm’s acquisition of McDonnell Investment Management, where he had served as a fixed income analyst for the research department covering municipal bonds. He earned a BS in Finance with a minor in Financial Planning from Illinois State University.
Latest Insights by Ryan Friend
Market Commentary & Outlook
2026 Outlook for Municipal Credit: Q&A
Senior Investment Analyst Ryan Friend discusses the dynamics he expects to drive municipal bond markets in 2026.
Municipal Bond
Research Insights
Municipals & Climate Change Series: Drought & Extreme Temperatures
In recent years, recurring drought conditions and rising temperatures have negatively affected large parts of the US. Here, we’ll examine how these[…]
Credit Research
Research Insights
The Polar Vortex and Texas’ Municipal Power Market
Credit Research Analyst Ryan Friend looks at the factors contributing to the systemic power market failure in Texas and the impact on[…]
Credit Research
About the Municipal Bond Team
Seeking attractive relative value within the investment grade municipal bond universe through a disciplined, research driven and risk-managed approach.
Investors on the Municipal Bond team
Dawn Mangerson
Head of Municipal Portfolio Management, Portfolio Manager
Pramila Agrawal, PhD, CFA
Head of Custom Income Strategies, Portfolio Manager
Michael Skurka, CFA
Investment Director
Lawrence Jones
Municipal Bond Trader
Brian Fahrman
Municipal Bond Trader
John Ward
Portfolio Specialist
Agnes Choi
Municipal Bond Strategist
Thomas O'Connell
Portfolio Management & Implementation Services Analyst
Mark Muskievicz
Portfolio Management & Implementation Services Analyst
Kelly Cruse
Director of Municipal Research
Bedford Lydon, III
Senior Credit Research Analyst
Derek Endsley
Senior Credit Research Analyst
Allison Bretz
Senior Credit Research Analyst
Joe Prestamer
Credit Research Analyst
Michael Grygo
Senior Fixed Income Analyst
Vas Karanxha
Credit Research Associate
