Jonathan Mondillo, Head of US Fixed Income, joins the hosts of Bloomberg Intelligence's FICC Focus podcast series to discuss municipal bonds, which have performed poorly so far this year, but which may have a much brighter future.

Note that this podcast episode originally aired on Bloomberg Intelligence's FICC Focus series. 



Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in the market value of an investment), credit (changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral), prepayment (debt issuers may repay or refinance their loans or obligations earlier than anticipated), call (some bonds allow the issuer to call a bond for redemption before it matures), and extension (principal repayments may not occur as quickly as anticipated, causing the expected maturity of a security to increase).

Municipal securities can be affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities.

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