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Post: AI And The Municipal Bond Market

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AI And The Municipal Bond Market
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AI is rapidly reengineering the $4 trillion Municipal Bond Market. No part of the market is going to be untouched. Trading, pricing, underwriting, credit analysis, compliance, disclosure, regulations—every bit of it is being transformed. In five years, the municipal bond market as it exists today will look vastly different. Wringing out existing inefficiencies and opaqueness, AI will ultimately create billions in value for investors and save issuers billions in interest expenses. Artificial intelligence robot touching futuristic data screen.getty Okay, okay. That sounds a bit hyperbolic, but I’m going to stand by it. Yes, AI has been hyped to atmospheric levels, with grandiose pronouncements that it will surpass human intelligence in just two years. On the other hand, one wag quipped when I mentioned I was writing about Artificial Intelligence in the muni market, “I thought most intelligence in the muni market was artificial.”

Snark all you want or dismiss this as starry eyed overenthusiasm for the latest shiny new toy, but AI is driving the world forward in incalculable ways. Be it robotics or breast cancer detection or fashion choices , AI often does it better than its human counterparts.

The municipal bond market is not immune. AI is moving the market into the 21st century, whether some like it or not.

Vise-Grip

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My confidence stems from two powerful forces gripping the municipal bond market in an ever tightening vise: economics and technology. Investing Digest: Know what’s moving the financial markets and what smart money is buying with Forbes Investing Digest.

By signing up, you agree to receive this newsletter, other updates about Forbes and its affiliates’ offerings, our Terms of Service (including resolving disputes on an individual basis via arbitration), and you acknowledge our Privacy Statement . Forbes is protected by reCAPTCHA, and the Google Privacy Policy and Terms of Service apply. The Vise of Economics and Technologygetty At the close of 2023, Morningstar Morningstar 0.0% Direct and the Federal Reserve reports show close to 72% of $764.3 […]

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