Biden Stimulus Plan a 'Positive' for Munis, Says BlackRock's Carney

The video discusses the potential aid for state and local governments to mitigate COVID-19 impacts, the SALT cap's influence on municipal valuations, and the strong performance of the muni market. It also covers supply issues in the muni market, Fed policy, and strategies for managing investment duration.

What are the potential benefits of direct aid to state and local governments in response to COVID-19?

Discuss the implications of the salt cap repeal on municipal bond valuations.

What factors are contributing to the current demand for municipal bonds?

How has the performance of the municipal asset class changed in recent times?

What challenges are state and local governments facing regarding the issuance of municipal bonds?