Wells Fargo Sees 'Historically Tight' High-Yield Muni Spreads

Lyle Fitter, head of global fixed income at Wells Fargo, discusses the performance of high yield credits compared to investment grade credits. He emphasizes the importance of upgrading portfolio quality in anticipation of a potential economic slowdown. The conversation also touches on state revenue improvements and the challenges posed by pension obligations, suggesting a careful evaluation of each credit's economic backdrop and risk factors.

What is the speaker's perspective on the potential economic slowdown in the US?

What factors should be considered when evaluating Geo credits according to the speaker?