Muni Market on Pace for 3rd Consecutive Year of Record Issuance

Municipal bond technicals remain highly constructive, helping the market easily absorb issuance running at a record pace. Yet geopolitical and monetary-policy concerns have pushed global nominal yields higher during the third rate-markets pullback of the year. Nisha Patel, Senior Portfolio Manager: Fixed Income at Parametric, talks about the tough month for municipals and bond market warnings. (Source: Bloomberg)