As lawmakers tighten their belts, muni issuance is shrinking. For an investment, subject to the laws of supply and demand, that can mean only one thing: The...
Muni Bonds News and Perspectives
Below are bond market commentaries, strategies and analyses written by our municipal bond specialists. They are listed by date.
If you have any questions, please call us at 1-800-367-2663 or e-mail us.
And the World Didn’t End, Either
About the time the world was supposed to end, the municipal bond market was supposed to collapse. At least those were the predictions of some self-styled...
MSA Clause Impacts State Tobacco Payments
The 2011 Master Settlement Agreement (MSA) payments from participating tobacco companies were made in April, as usual. Altria, the nation’s largest cigarette...
Why California is not Greece
The much-maligned state of California has finally received some good news: a $2.5 billion spike in tax-revenue. This unanticipated windfall -- an unexpected...
Muni Market: Heal Thyself
In the wake of dire warnings predicting the imminent collapse of the municipal bond market, it appears the market, through its own dynamics, has begun the...
The Myth Behind Public Pensions
Do public employee pension programs threaten state and local government solvency and bond payments? Not likely. Recently, the popular press has contained...
The Laddering Delusion
Who's selling the theory of municipal bond laddering and why do some investors buy it? It's a question we found ourselves asking recently when we heard from...
A Funny Thing Happened While the Pundits Were Screaming
Amid the alarmist headlines and hysterical rants, a funny thing is happening in the municipal bond market. Prices are rising. As The Wall Street Journal...
Muni Experts at Congressional Hearing Recognize Challenges, Reject Hyperbole
The apocalypse in the muni bond market will have to wait. That's according to municipal bond experts who testified at a congressional hearing last week on the...
Meredith Does the Moonwalk
In the 1980s, Michael Jackson caused a sensation performing a dance technique called the moonwalk, or backslide, in which he appears to be pulled backward...
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