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Podcast: FICC Focus
Episode: Muni Manager’s Active Focus Bucks Tide: Masters of the Muniverse
Description: Municipals are starting the year semi-flat, and the latest read on consumer prices won’t do much to alleviate the concern of market participants that performance could be stagnant for the foreseeable future. At the same time, there are still some areas of relative value, even though the absolute tradeoff from late 2023 has faded to a large degree. In the latest Masters of the Muniverse episode of Bloomberg Intelligence’s FICC Focus podcast, Eric Kazatsky and Karen Altamirano are joined by Jason Appleson, managing director and head of PGIM Fixed Income’s municipal-bond team. They discuss market dynamics, credit quality...