Podcast: The State of the Municipal Bond Market

Lyle Fitterer recently sat down with Morningstar's The Long View podcast to talk about the current state of the municipal bond market. The discussion covered opportunities in the market, how AI is impacting the industry and current market conditions. Municipal bonds remain attractive for long-term investors, especially in higher tax brackets. 

Listen to the full podcast on morningstar.com

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Fixed income is generally considered to be a more conservative investment than stocks, but bonds and other fixed income investments still carry a variety of risk such as interest rate risk, regulatory risk, credit risk, inflation risk, call risk, default risk, political risk, tax policy risk and liquidity risk. In a rising interest rate environment, the value of fixed-income securities generally decline and conversely, in a falling interest rate environment, the value of fixed income securities generally increase.

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