Hilltop's Kozlik Sees Opportunities in Mass Transit

The video discusses the impact of rising treasury bond yields and a hawkish Federal Reserve on the bond market. Tom Kozlik from Hilltop Securities provides insights into municipal bond issuance forecasts, highlighting challenges due to increased yields. The discussion shifts to mass transit, emphasizing potential government support and investment opportunities. The video also covers inflation concerns, credit quality of state and local governments, and the implications of fiscal stimulus measures. Finally, it addresses pension liabilities and their effect on financial stability.

What is the significance of the 650 billion for public finance mentioned in the text?

How have pension returns changed recently according to the discussion?