Every other state in the nation has lined up behind Kentucky’s effort to maintain its ability to tax residents’ income from out-of-state bonds while exempting...
Muni Bonds News and Perspectives
Below are bond market commentaries, strategies and analyses written by our municipal bond specialists. They are listed by date.
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Housing Slump Expected to Have Limited Effect on Gov’t Credit Quality
Although the housing market continues its slump and a high rate of default persists in the subprime mortgage industry, state and local government credit...
Stakes are High as Congress Wrestles with AMT Reforms
With an estimated $2 trillion at stake, several proposals are taking shape to reform the Alternative Minimum Tax (AMT), but none has emerged so far from...
Kentucky Case Ruling Won’t Affect Territory Bonds
Bonds issued by Puerto Rico, Guam and the Virgin Islands will continue to enjoy tax-exempt status, regardless of the upcoming Supreme Court decision on...
Study Shows Muni Debt Stronger, Defaults Negligible
A new study by Standard & Poor’s revealed that a greater number of municipal bonds have received better ratings over the past 20 years, while no highly...
Court to Hear Landmark Case on Out-Of-State Bonds
The Supreme Court today agreed to hear an important case on whether Kentucky can tax income from out-of-state bonds while exempting income from in-state...
New AMT Plan Would Benefit Private Activity Bondholders
A plan approved by Congress this week would free 20 million people of the Alternative Minimum Tax (AMT), and it’s also good news for bondholders who invest in...
Justices Mull Landmark Decision on Out-of-State Bonds
Bond investors are anxiously awaiting word on whether the Supreme Court will consider what could be a landmark case from Kentucky. The lawsuit, Kentucky v....
Lessons in Laddering
Few strategies involving tax-free bonds provoke as much discussion as laddering. Though a close analysis will reveal why it shortchanges investors, many still...
In the Belly of the Curve
Two opposing forces battling each other in the bond market have created a unique opportunity for investors. On the one hand, the Federal Reserve is trying to...
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