BlackRock's Carney: Munis Might Lag If Treasuries Rally

The video discusses the recent performance of municipal bonds (munis) as a safe haven in the fixed income market, particularly in June. Sean Carney from BlackRock explains the factors contributing to this trend, including higher rates and strong demand. The discussion covers future expectations, considering seasonal factors and the Federal Reserve's tightening cycle. It also addresses fund flows, highlighting the need for rate stability to encourage steady inflows. Finally, the video explores investment strategies, emphasizing the importance of building durable yield in portfolios as the Fed's rate hiking cycle nears its end.

What factors contributed to the strong performance of municipal bonds in June?

How do seasonal factors affect the municipal bond market according to the discussion?

What is the significance of the retail buyer's focus on all-in yield in the current market?

What conditions are necessary for steady inflows into the municipal bond market?

Why might investors consider municipal bonds over money market mutual funds?