BlackRock's Carney Sees Opportunities in Long-Term Munis

The video discusses the performance of municipal bonds (munis) in the current market, highlighting their defensive nature and stability compared to other asset classes. It covers the impact of Federal Reserve rate hikes, suggesting opportunities in longer durations for better yields. The discussion also touches on the potential effects of a recession on munis, noting their resilience due to stable tax receipts. The video concludes with insights into the reopening trade and sector preferences, emphasizing high-quality, stable sectors.

Discuss the impact of demand on the front end of the curve compared to the belly and longer durations.

What are the implications of the reopening trade on investments in airports and subways?