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Wall of Trump Questions Swamps Morgan Stanley Muni Webinar
Morgan Stanley’s annual “State of the States” webinar, which typically focuses on state balance sheets, saw a significant increase in attendance as financial advisers sought to understand the implications of President Donald Trump’s agenda on municipal budgets and bonds. Attendees were particularly interested in how potential federal funding delays and new policies might affect state credit quality. The event highlighted widespread concern about the financial ramifications of Trump’s return to power on the municipal bond market.