Muni Issuance Low Amid Strong Demand: Thornburg's Lando

The video discusses the municipal bond market, focusing on April's trends, issuance levels, and the financial health of municipalities. It highlights the strong credit quality of municipalities and the impact of federal aid. The video also examines California's unique position in the muni market due to its high tax rates and demand for tax-exempt bonds.

What is notable about the performance of municipal bonds in April since the Great Financial Crisis?

• April has consistently been a losing month.

• April is the least volatile month.

• April has seen only four losing months.

• April has the highest issuance of bonds.

What has been the trend in new municipal bond issuances in 2023?

• Issuances have remained stable.

• Issuances have doubled.

• Issuances have increased by 20%.

• Issuances have decreased by 20%.

How has the credit quality of municipalities been described in the discussion?

• Uncertain and volatile.

• Strong and improving.

• Stable but declining.

• Weak and deteriorating.

What is a significant factor contributing to the high demand for California municipal bonds?

• High tax rates.

• Abundant supply.

• Low tax rates.

• Federal subsidies.

Why do investors pay a premium for California municipal bonds?

• They offer higher interest rates.

• They are the only option for tax exemption.

• They are backed by the federal government.

• They have lower risk.