Muni Selloff Is an Opportunity: Appleton's Pearce Fitts

The video discusses the decline in municipal debt sales due to high interest rates and market volatility. Whitney Pierce Fitz from Appleton Partners explains the lack of bond issuance, influenced by COVID funds and market uncertainty. The rise of private placements is noted, appealing to investors seeking control over deal terms. Despite a recent market sell-off, current conditions are seen as a buying opportunity. The video also analyzes muni to treasury ratios, highlighting their relative value and potential benefits during a recession.

What does the speaker suggest about the future of municipal debt issuance?

What factors are contributing to the decline in municipal debt issuance this year?

How has the percentage of private placements in the municipal market changed since 2008?

What is the current state of the municipal market in relation to treasury yields?

What opportunities do investors have in the current municipal market environment?