How the muni market took a hit, but dodged a bullet

BB-podcast-new-mic

In the new tax legislation, the municipal bond market suffers the loss of advance refundings and tax credit bonds and sees a big cut in the corporate tax rate. But the market gets to keep private activity bonds, including tax-exempts for professional sports stadiums and arenas. Bond Buyer Washington Bureau Chief Lynn Hume and Contributing Editor John Hallacy sort out what it all means for the muni market. Chip Barnett hosts.