PGIM's Appleson 'Cautiously Optimistic' About Munis

The video discusses the current state of municipal (muni) funds, highlighting their potential to attract new investments as the Federal Reserve approaches peak interest rates. Jason Appleson from PGM Fixed Income shares insights on the cautious optimism for muni funds, despite challenges like economic slowdown, debt ceiling issues, and small bank failures. The video also covers the impact of the community banking crisis and the anemic supply of muni bonds. Strategies for navigating these challenges include staying fully invested and conducting thorough credit research. Opportunities in sectors like charter schools, tobacco bonds, and prepaid gas are also explored.

What impact did the community banking crisis have on municipal bonds?

What strategies are suggested for navigating the current lack of supply in the municipal bond market?