High-yield munis have extra risks and yields are low relative to investment-grade munis. However, investors in higher tax brackets may still want to consider a small allocation if it fits their risk tolerance.
Greater mega-cap stock exposure carries significant upside risks, but concentration can also work against investors—helping make the case for diversification in portfolios.
Steven Meier, Deputy Comptroller and Chief Investment Officer for the New York City retirement systems, joins the show to discuss capital markets and public finance.
The Federal Reserve may cut rates a couple of times by year-end, but the pace and magnitude of easing in 2026 is unclear. There are still some roadblocks to lower bond yields.
Find Market Commentary content
Should You Consider High-Yield Municipal Bonds?
Global Central Banks Face Uncertain Policy (With Robin Brooks)
Is the Chinese Stock Market Rally Sustainable?
Weaker Labor Markets Drive a Rate Cut (With Freya Beamish)
Every Brea(d)th You Take: Market Concentration Risks
Where Do Public & Private Markets Converge? (With Steven Meier)
Will Fiscal Concerns Affect International Stocks?
The Housing Market Remains Out of Sync
Lower Bond Yields: You Can't Get There From Here