Neuberger's Iselin Sees Pockets of Opportunity in Munis

The video discusses the challenges and opportunities in the municipal bond market amid rising interest rates. Jamie Iceland from Neuberger Berman highlights the value in the market, comparing municipal bonds with treasuries and analyzing duration versus credit risk. The impact of commercial real estate on municipal finances is also explored, with a focus on the future outlook and the increasing popularity of muni managers.

What is one reason for the difficulty in finding municipal bonds?

• States and cities are borrowing more.

• Interest rates are decreasing.

• States and cities are reluctant to borrow.

• The secondary market is booming.

What is a strategy mentioned to unlock additional basis points in municipal bonds?

• Avoiding all municipal bonds.

• Focusing solely on credit risk.

• Buying bonds with a short call or a put.

• Investing in long-term treasuries.

Which risk is considered more attractive in the current municipal bond market?

• Credit risk

• Duration risk

• Inflation risk

• Liquidity risk

How much of New York City's budget is made up of office revenues?

• 10%

• 15%

• 6%

• 3%

What is a common misconception about commercial real estate risks in city budgets?

• Office space is the only concern.

• Commercial real estate has no impact on city budgets.

• Data centers are a weak part of the market.

• All commercial real estate is equally risky.