Now Is the Time to Be Cautious in Muni Market: Neuberger Berman

The video discusses the potential Fed rate cut and its impact on the market, highlighting the tight conditions in both Treasuries and Munis. It examines legal risks in Illinois, particularly a lawsuit affecting general obligation bonds, and advises caution for risk-averse investors. The high yield market's performance is analyzed, with a focus on speculative deals and the need for flexibility. The video also covers the muni market's yield curve, emphasizing the importance of short credit stories and the impact of interest rate changes. Finally, it addresses the political risks in Puerto Rico investments, advising caution due to ongoing political instability.

What is the significance of the Fed's interest rate decisions on the muni market?

In what ways can investors be cautious in the current market environment?