If the Tax Bill is passed as is, volume in the muni market could drop 30-40% (getting rid of private activity bonds and advance refundings).
In short, the future of the muni world is looking dimmer than it already did before with spreads becoming almost nothing. I know there are threads on exit ops for public finance - but I am wondering more so the exit ops for public finance that have nothing to do with munis (regulation in this field is almost reason enough to want to leave)
Basically what different fields in debt could one with muni experience apply to and actually have a chance. Debt restructuring seems super interesting to me, but I don't know if one with a couple of years of muni experience would have a chance.