The "Golden Age of Public Finance," as it was called by industry pundits, is likely to face significant changes under the Trump administration.

A new classification scheme would allow market participants, both on the buy and sell sides, to correctly identify the source and nature of credit risk in their holdings and to aggregate such risk into meaningful sectors that share common risk drivers.

The current property insurance crisis in several states may dramatically shorten the climate risk horizon for municipal investors. The municipal market's relaxed attitude toward climate risk may be seriously challenged in the years ahead.

Exploring why some call 2022 "the year of the great reset" and what that may mean for the muni market this year.

We believe our industry should coalesce around objective measures of ESG "risk" and leave the"impact" considerations to the investors and their proxies. Buy-side participants should welcome this as they structure impact strategies to match their clients' needs.