Munis Are on 'Very Solid Footing': BlackRock's Carney

The video discusses the cautious approach towards municipal bonds due to market volatility and the impact of the Federal Reserve's rate hikes. It highlights the potential for optimism in the muni market as yields rise and prices adjust. The discussion also covers the looming recession risks and the solid fundamentals of the muni market, supported by fiscal stimulus. The impact of the upcoming midterm elections on muni bonds, infrastructure projects, and government policy is also analyzed.

What is the current state of the municipal credit market as described in the text?

How might the midterm elections impact the municipal bond market according to Sean Carney?