BlackRock's Hayes on Puerto Rico Default and Muni Market

The video discusses Puerto Rico's financial challenges, focusing on the July 1st payment and its potential default. It highlights the impact on the municipal bond market, noting that while Puerto Rico's situation is unique, it could affect market sentiment. The discussion also covers the broader health of the bond market, emphasizing that despite isolated issues, the market remains robust. The video concludes by examining how investors might react to these developments.

Discuss the potential impact of negative headlines on retail investors in the municipal bond market.

What are the broader implications of the municipal bond market's health despite specific issues like those in Puerto Rico?