High-Yield Munis Outperform Fixed Income in 2019

The video discusses the recent outperformance of municipal bonds (Munis) compared to other bond sectors, driven by factors such as falling interest rates and high credit quality. The Muni to Treasury ratio is at a record low, with retail investors playing a significant role in maintaining trading levels. The demand for Munis has been strong, with significant inflows from retail investors, influenced by post-tax reform perspectives.

In what ways has retail investor behavior influenced the trading levels of Munis?

What trends have been observed in retail investment in Munis year to date?