Why Muni Mutual Fund and ETF Flows Are Diverging

The video discusses the divergence in market flows between muni mutual funds and ETFs, highlighting the liquidity and ownership differences. It examines the impact of the debt ceiling on the muni market, noting it as a distraction rather than a direct concern. The discussion shifts to California's budget challenges, exploring their potential effects on muni bond issuance and investor appetite. Finally, the video identifies attractive sectors in the muni bond market, emphasizing local GO's and revenue projects like airports.

What types of municipal bonds does Pat Luby prefer and why?

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