Munis Look Solid Amid Rate Volatility: Truist's Hughey

The video discusses the performance of the municipal market amid higher inflation and rate volatility, emphasizing the influence of the Federal Reserve and inflation on market movements. Despite these challenges, municipal fundamentals remain strong, with increased tax collections and robust balance sheets. The discussion also covers the strategic shift from favoring credit over duration during low yield periods to a more balanced approach as yields rise, highlighting the importance of quality in portfolios.

What factors have driven the performance of municipals according to the text?

What are the notable aspects of the rise in yields in the municipal market?

How have inflation and property values affected municipal tax collections?

What was the view on credit back in 2020 and 2021 regarding low yields?

What is the current stance on duration in relation to yields as mentioned in the text?