Here's your summary from Tax-Exempt Asset Demand 'Insatiable': Thornburg's Lando (https://www.youtube.com/watch?v=BoYCFywi8N8) on the Bloomberg Television channel:

**TLDR:** The demand for tax-exempt assets is high due to under-issuance and increased interest, despite challenges faced by smaller colleges in the market.

1. Despite under-issuance in the past, there is insatiable interest in tax-exempt assets due to supply-demand imbalances.

2. Smaller colleges and universities are facing challenges in raising money in the market, with declining enrollments and small endowments.

3. The interest rate environment and potential Fed rate cuts could impact returns in the municipal bond market.

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