Bloomberg Intelligence
US Consumer Confidence Falls
Jan 28, 2025
Peter DeGroot, Head of Muni Research at JP Morgan, Mark Paris, Head of Municipal Bonds at Invesco, and Sean McCarthy, CEO of BAM Mutual discuss the state of the municipal bond market amidst declining U.S. consumer confidence. They highlight record bond issuances focused on infrastructure and the impact of potential tax reforms on market stability. The trio delves into the importance of tax exemptions for public services and the ongoing evolution of credit risks faced by municipalities, particularly in the face of natural disasters.
44:18
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Quick takeaways
- Consumer confidence has dropped to a four-month low due to mixed feelings about the labor market and economic outlook.
- The municipal bond market is poised for significant growth driven by infrastructure needs and increased demand from investors influenced by tax-exempt benefits.
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