The Key Risks Facing the Muni Bond Market

The video discusses macroeconomic challenges such as slowing US growth and inflation, highlighting strong credit quality in state and local governments. Robin Prunty from S&P Global Ratings explains the role of federal fiscal support in stabilizing municipal markets. Key risks include inflation, economic downturns, and policy shifts. Despite higher borrowing costs, strong balance sheets and federal funding have mitigated the need for new debt issuance.

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How might upcoming elections affect the stability of the municipal market?