What the Deep Freeze in Texas Means for Municipal Bonds

The video discusses the importance of utilities in the economy and the challenges faced by infrastructure, particularly in Texas. It highlights the need for investment and the implications of issuing more debt in the utility sector. The discussion then shifts to analyzing muni to treasury ratios, market trends, and the impact of higher rates. Finally, the potential effects of stimulus on local governments and the broader municipal industry are explored.

What strategies are suggested for managing investments in a higher rate environment?

In what ways might stimulus impact local governments and their financial stability?