Why 2019 Could Bring 'Positive Performance' to Muni Market

The video discusses the bond market outlook for 2019, highlighting a focus on coupon clipping due to higher coupon levels compared to previous years. It covers the potential for positive price performance depending on economic conditions. Concerns in the high yield sector are addressed, particularly regarding cash flows and mutual fund redemptions. The impact of potential menthol cigarette bans on tobacco bonds is explored, along with challenges in the CCRC sector due to deals priced years ago.

What are the implications of cash flows turning negative in mutual funds?

What impact could the potential ban on menthol cigarettes have on tobacco bonds?