Nisha Patel, Parametric fixed income portfolio manager, joined CNBC The Exchange to discuss today’s municipal bond market. While municipal fundamentals remain broadly stable and defaults are historically low, credit dispersion is increasing across sectors, making issuer-level analysis especially important. Patel highlights the value of active credit oversight, recent attractive tax-exempt yields, and why separately managed accounts may work for clients looking for customization and tax efficiency.
This is a Marketing Communication.
It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products.
The services described on this website may not be available in all jurisdictions or to all persons. For further details, please see our Terms of Use.
Not FDIC Insured—Offer No Bank Guarantee—May Lose Value
Not Insured By Any Federal Government Agency—Not A Deposit
© 2026 Morgan Stanley. All rights reserved.