This podcast discusses the risks of tax loss selling in corporate bonds. The hosts argue that these risks are modest, given that corporate bond losses have been small and improving, the investor base is different from that in equity markets, and institutions that hold corporate bonds have incentives to hold them. They believe that any tax-related selling in the credit market is likely to be offset by the recycling of funds into other securities and that the overall impact on the corporate bond market is likely to be muted.