Muni Bonds Ride the Wave of the Treasury Market Rally

The video discusses the recent trends in the municipal bond market, highlighting the significant inflows driven by the Treasury rally and tax reform. It explains the impact of tax reform on demand and supply, noting the reduction in advanced refunding and the increase in taxable issuance. The video also explores value opportunities in the housing and AMT sectors, emphasizing the importance of income. Finally, it addresses the current credit cycle, suggesting a cautious approach due to increased high yield supply and less stringent covenants.

In what ways is the current credit cycle affecting investor behavior in the muni market?

What trends are being observed in the housing market related to muni debt?