Why aren’t the municipal bond markets pricing in climate risk? Jeff recently sat down at the NYSE with Tom Doe, CEO of Municipal Market Analytics, an independent research firm providing strategic analysis and insights on the U.S. Municipal Bond Market, and his answer was very simple: “denial.”
Please join Jeff and Tom for this very important multi-faceted conversation, covering such topics as the potential mass restructuring of FEMA, the increasing availability of climate risk data to ratings agencies, portfolio managers, and consumers, and the rapidly changing landscape of the muni bond market in the midst of increasing extreme weather events.
As Jeff notes, “once people start to ask ‘when?’ it will be too late.” We see the risks in the muni bond market like a game of Jenga: while the risks have been increasing gradually for years, the premium will be priced in all at once.
We believe that the time to account for these risks is now, before they take over and become priced in. Are you currently accounting for climate risk in your portfolios?
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