Why Illinois Is 'Show of Shows' in 'Tight' Muni Market

The video discusses the current state of the municipal bond market, focusing on the muni to treasury ratio, market technicals, and potential market shrinkage. It highlights investment strategies, particularly in the one to two-year space, and explores defensive trades and yield opportunities. The discussion also covers Illinois bond spreads and the impact of the budget season, emphasizing the importance of cautious capital deployment in a tightly wound market.

Discuss the implications of the current yield curve for Muni investments.

What challenges does Illinois face in the context of the Muni market, and what signs of improvement are noted?