Climate Shocks & the Muni Bond Market

In this conversation, Kathy Jones and Cooper Howard discuss the impact of climate shocks, particularly wildfires in Los Angeles, on the municipal bond market. They explore the risks associated with California municipal bonds, the financial implications for issuers, and the broader trends in climate-related events. Cooper emphasizes the importance of diversification for investors to mitigate potential risks and highlights the increasing frequency of climate shocks over the years. The discussion also touches on the role of federal assistance in managing the aftermath of such events. 

You can read more from Cooper Howard about municipal bonds, including the potential impact of climate shocks, on Schwab's Insights & Education site. 

Kathy and Liz Ann also analyze the latest inflation data and take a look ahead to the economic indicators that investors should be watching next week. 

On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. 

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