High-Yield Munis Still Have ‘Room to Go’: Columbia Threadneedle's Stienstra

The video discusses the ongoing infrastructure talks, highlighting the bipartisan support for a $579 billion plan and the political dynamics influencing market expectations. It examines the potential impact on the municipal market, focusing on supply and tax implications. The discussion also covers market valuation challenges and investment strategies in light of recent market trends and bond movements.

In what ways could the market react if taxes are not included in the bipartisan infrastructure discussions?

What trends are observed in the credit quality and value in the current market?