Invesco Sees VRDNs as 'Very Good' Short-Term Muni Bond Strategy

The video discusses the current state of municipal bonds, focusing on variable rate demand obligations (VRDNs) and their attractiveness in a rising interest rate environment. Mark Paris from Invesco shares insights on Detroit's financial recovery post-bankruptcy, highlighting the stability of revenue bonds over general obligation bonds. The discussion also covers the benefits of taking credit risk in the current market, with high yield munis outperforming investment-grade bonds. The video concludes with an optimistic view of the US economy and its positive impact on municipal credits.

What factors contribute to the stability of the municipal bond market as mentioned in the text?

How have high yield munis performed compared to investment grade munis according to the discussion?