High-Quality Munis the 'Way to Go' in Virus Hit Market: Neuberger Berman's Iselin

The video discusses the impact of the pandemic on credit selection, emphasizing the importance of focusing on high-quality bonds. It highlights the attractive yields of high-quality municipal bonds (munis) compared to Treasuries, despite market volatility. The discussion also covers market repricing, investment strategies, and the risks associated with lower-quality bonds, particularly in the muni market. Retail sentiment is improving, with a global search for high-quality yield, making munis an appealing option for cautious investors.

How has the pandemic influenced the approach to credit selection according to the speaker?

• By reducing the need for credit analysis

• By encouraging investment in foreign markets

• By emphasizing the importance of high-quality bonds

• By increasing the focus on low-quality bonds

What is the speaker's view on the yields of high-quality municipal bonds?

• They are the same as junk bonds

• They are lower than Treasury yields

• They are almost 170% of Treasury's pretax yields

• They are not appealing to investors

What is a key risk mentioned in the corporate bond market?

• Decreasing bond prices

• Increased foreign investment

• Fallen angels being downgraded to junk

• Rising interest rates

How does the speaker describe the movement of muni credit quality?

• It tends to move incrementally

• It moves rapidly and unpredictably

• It is always stable

• It is unaffected by market conditions

What is the speaker's perspective on retail sentiment in the market?

• It is declining due to market volatility

• It is improving as investors seek high-quality yield

• It is unaffected by current market conditions

• It is focused on international investments