While many sectors within U.S. public finance are expected to maintain stable credit quality...

A 5% yield on a 30-year municipal bond is an attractive buying point for high-quality, tax-free...

Inflation continues to be a worry for many investors. A variety of inflationary measures continue...

In an era marked by intensifying wildfires, rising seas, and increasingly severe weather, climate...

Municipal bonds continue to be a core component of fixed-income portfolios, especially given...

Cash has certainly been king over the last few years. As the Federal Reserve raised rates to...

Cryptocurrencies like Bitcoin and Ethereum have captured the attention of many investors,...

With the new year nearly a quarter finished, a variety of trends and themes have already started...

If California were its own country, it would be one of the largest in population and GDP size. It...

A new year brings new opportunities. It also brings plenty of uncertainty to the table. From...

With the start of the year, several asset managers and investment firms are beginning to publish...

As we look ahead to 2025 and the potential impact of Donald Trump’s presidency on municipal...

The Fed’s cutting of rates was supposed to boost bond prices and create wonderful total returns...

One of the biggest draws to the municipal bond market is their tax-free status. Issued by states...

Municipal bonds are issued by state and local governments for various purposes, making the sector...

As one of the largest states in terms of economic prowess and population, California also happens...

One of the best pieces of investment advice could be, “It’s not what you earn, it’s what you keep...

U.S. election cycles are often fraught with volatility and big changes. Nearly every sector and...

After what feels like forever, the yield curve has reverted to its normal direction, with...

Municipal bonds have long been seen as a safe haven in the bond market. After all, their credit...

Arguably, the biggest story in the fixed income sector over the last year or so has been the...

The prospect of declining interest rates presents a significant opportunity for municipal debt...

When investors think about municipal bonds, safety and stability often come to mind. Afterall, a...

The current state of the bond market is confusing to say the least. But for fixed income...

Thanks to the Fed’s tightening and subsequent pause, there are a lot of good places for investors...

In the face of urban sprawl and increasing vehicular congestion, city planners and local...

So far, 2024 has been an interesting year for fixed income investors. The mixture of economic...

With the Federal Reserve raising rates, building a fixed income portfolio may have just gotten a...

The anticipated reduction of interest rates by the Federal Reserve, initially projected at the...

Driven by their tax-free interest and current high yields, municipal bonds have continued to be...

When it comes to the high-yield bond space, high-yield corporate bonds have certainly earned...

After 2022’s bond rout, 2023 was a wonderful time for fixed income investors. High yields as well...

While municipal bonds have grown in popularity, they are still ignored by the bulk of the...

In recent years, the United States has experienced a significant increase in the number of...

When it comes to safety, municipal bonds have long been a go-to investment for income seekers....

Savers have been rejoicing over the last year or so. With the Fed raising benchmark rates, CDs,...

Against the backdrop of conflicts in the Middle East and Eastern Europe and a global economic...

While the economy seems to be moving right along, there’s no doubt that it is slowing. The...

Municipal bonds are typically seen as a boring fixed income sector. Volatility and defaults are...

Thanks to last year’s bond rout and the Fed’s continued path of monetary tightening, there...

U.S. public utilities, like water, wastewater and solid waste, are generally operated by...

As one of the largest states in economic prowess and population, it stands to reason that...

Arguably, one of the most important pieces of investing is allocation. Getting the right assets...

Thanks to their par values and steady coupon rates, bonds are often seen as the ‘safe’ asset...

Historically, investors have purchased bonds for their steady coupon payments. This relationship...

Often talked only from the standpoint of cities and counties, municipal debt issuances cover an...

It’s no secret that the COVID-19 pandemic was hard on the healthcare sector. From delays on...

Municipal bonds have garnered a lot of attention in recent months. Thanks to their high yields...

For income investors, these could truly be the halcyon days. Yield is easy to find with a variety...

For many investors, municipal bonds are as good as gold. This is because the vast bulk of bonds...

BlackRock, one of the largest muni bond managers, recently released their update on muni bond...

With the Fed’s continuous fight against inflation, the interest rate environment has been quite...

For investors, the municipal bond market has been a tough nut to crack over the last year. Yields...

Municipal bonds have long been a favorite spot for investors looking to score tax-free income....

Bigger cities in the United States are grappling with the complex and multifaceted issue of...

According to investment manager Lord Abbett, the municipal bond market outlook appears positive...

The municipal debt market is a critical component of local government financing, serving as a...

Municipal bonds have long been prized by investors with higher incomes and higher tax brackets...

When most investors think of municipal bonds, general obligation or GO bonds tend to be the first...

Municipal bonds have long been praised by investors for their ability to generate tax-free...

There’s nothing better than getting a high yield, except if that high yield comes tax free. And...

Historically, the municipal bond market has been a steady-eddy performer for many investors....

Considering the current interest rate environment, many investors are either starting or...

Headquartered in Santa Clara, California and with total assets valued over $200 billion, until...

When it comes to safety in fixed income, municipal bonds have long proven their mettle as a...

While the federal government plays a significant role in regulating public utilities, such as...

Municipal bonds are a staple of many investment portfolios, especially for investors in higher...

With 2022 in the rearview mirror, 2023 will likely see the continuation and effects of the...

It’s no secret that inflationary pressures and rising rates have caused the entire fixed income...

While it is common to hear about daily fluctuations in the various market exchanges, such as...

With the ongoing interest rate hikes, the cost of accessing the capital market to finance...

With continued Fed rate hikes, many fixed income investors are currently sitting on hefty...

The Federal Reserve’s efforts to contain inflation have taken a toll on the bond markets in...

For everything from a natural disaster, recent example being Hurricane Ian in Florida, to a...

State and local governments naturally spend large amounts on environmental and social causes. For...

When looking at either the historic performance or the forecasted outlook by many of the credit...

In FY2022, from July 2021 to June2022, tumultuous financial markets played a key role in many...

Many investors are avoiding the bond market after another surprise inflation reading sparked...

Given the nature of recent global events, like the Russia-Ukraine conflict or coronavirus...

As local and state governments, including transportation agencies, were already grappling with...

In the midst of current economic uncertainty, U.S. municipal governments are on track to issue...

Concerns about inflation have investors looking for safe and robust returns in the fixed income...

Retail investors are a staple of the municipal bond market, holding about three-quarters of the...

In the last few weeks, many investors were alarmed by the “inverted yield curve,” as for some, it...

Most consumers are acutely aware of rising inflation in their daily life, but the Federal...

In the most recent Federal Open Market Committee meeting, Chair Jerome Powell indicated he views...

As local and state economies were starting to emerge from the COVID-19 grip, the economic outlook...

In the midst of the COVID-19 public health emergency and tumultuous economic outlooks, local...

All through the pandemic, U.S. municipal utilities have shown incredible fiscal resilience,...

The U.S. municipal bond market has been one of the best-performing fixed-income asset classes in...

During the recently held Federal Open Market Committee (FOMC) meeting on December 15, the Federal...

From serious inflation concerns to the Omicron variant, the fears of the world economy facing...

As we approach the end of 2021, the big question for all financial markets is how the...

There are some market segments that are just boring. And one of them happens to be the municipal...

With the rapid rollout of coronavirus vaccines, the global economy is emerging out of the...

With income tax rates rising and possible changes to corporate and capital gains taxes, tax-free...

Since taking office, President Joe Biden has repeatedly underscored the importance of certain key...

Although we will soon be approaching the final quarter of 2021, many of the unknowns related to...

In a normal public finance transaction to raise capital, local governments often have to pledge...

Municipal bond ladders are a common strategy to mitigate interest rate risk. If interest rates...

Back in March, Warren Buffett warned that fixed-income investors “face a bleak...

We often hear phrases like environmentally friendly, social and equitably beneficial, and...

Municipal bonds have always been an attractive fixed income asset class thanks to their...

Municipal bonds have posted some of the strongest returns of any fixed-income asset class so far...

Earlier this year, President Biden introduced one of the largest-ever U.S infrastructure plans,...

The strength of a local economy and its economic activity is directly tied to the health of its...

Municipal bonds have long been a safe-haven asset class for fixed income investors, but it’s also...

With the historic low interest rates and more pre-qualified buyers with attractive offers, houses...

Since the start of the COVID-19 pandemic, the United States government has distributed over $6...

Every night, thousands of Americans, from all age groups and ethnic backgrounds, sleep without...

For decades, many large U.S. metropolitan cities have seen their rental markets reach new heights...

The recent unexpected hike in treasury yields has many investors worried about the future of...

The issuance of Pension Obligation Debt has been a topic of contention amongst various local and...

California’s largest utility filed for Chapter 11 bankruptcy in 2019 after massive wildfires...

The U.S. local and state economies contribute over 10% to the national GDP, and their economic...

With 2020 in our rearview mirror, the year 2021 will likely be a year of change along with...

Municipal bonds fared better than expected throughout 2020 despite the global pandemic and...

Despite the positive news on the COVID-19 vaccine and the federal government’s efforts to mass...

In the mid-1990s, the United States was emerging from a recession and facing unbalanced budgets,...

With a continued historic decline in ridership numbers and no additional federal help in sight,...

In more ways than one, the 2020 American presidential election was a historic one: Joseph R....

The municipal bond market was in great shape prior to the COVID-19 outbreak. After the passage of...

As we are nearing the end of calendar-year 2020, contrary to earlier expectations and political...

From the widespread Coronavirus pandemic to the worldwide economic halt, 2020 also happens to be...

Between unemployment and underemployment at the individual level to impaired income sources for...

The smell of fresh peanuts in the air. Frank Sinatra’s ‘Take me out to the ball game’ playing on...

All local governments throughout the United States are facing some serious fiscal and other...

In the wake of COVID-19, California’s largest higher public education institution, California...

Widespread public fear of traveling and especially using public transportation paired with the...

As the entire country is still struggling to emerge from COVID-19, local and state governments...

The constant fear of COVID-19 and the uncertainty about the longevity of its financial impacts...

With a “shelter-in-place” directive, rising unemployment figures and Coronavirus fears, the...

Believe it or not, schools are the second-largest public infrastructure investment in America...

Municipal debt markets can cater to everyone from a conservative investor looking for principal...

Transportation debt is unique in the way that it’s often issued for projects that can take a long...

The concept of public private partnership is nothing new and you will often see a strong presence...

In the fixed-income world, a private activity bond (PAB) is tax-exempt security issued by or on...

A string of municipal bankruptcies following the 2008 financial crisis forced many investors to...

The municipal bond market is worth nearly four trillion dollars and directly supports municipal...

The municipal bond market may not be as fast-moving as the equity or futures markets, but that...

As the U.S. economy continues its longest period of growth and expansion, many leading economists...

State and local governments rely on municipal securities to raise money to finance projects for...

The American prison system is an $84 billion industry that has been viewed as a lucrative and...

Most investors are familiar with interest rates, but it’s important to look beyond the headline...

Whether it’s the draughts in California or hurricanes in the southeast parts of the United...

Given the rapid change in technology and access to information, it’s safe to say that U.S....

The municipal bond market began as a general obligation market similar to the Treasury market....

The municipal bond market has experienced its fair share of headwinds over the past few years,...

Many fixed-income investors gravitate towards municipal debt as an investment option because of...

As investors familiarize themselves with their respective issuer’s credit profile, they are...

Prior to structuring or issuing any form of debt, the municipal issuer (local government)...

The municipal bond market is one of the largest markets in the world, with about $3.9 trillion...

As an investor in local government debt instruments, you might often hear the term ‘CAFR’ and its...

Investors often hear the term “yield curve” and how certain forces in financial markets and...

Everything from corporate debt to municipal debt instruments, the sheer size of U.S. capital...

Like other capital markets, municipal debt markets are made up of a wide array of debt...

In bond transactions, investors are often curious to know the price that they pay for their...

Whether you are managing your own investment portfolio or a private or public institution looking...

Due to the ability of fixed-income instruments to produce fixed and recurring income, bond...

The relationship between different securities has always been central to financial analysis....

New changes in accounting standards for state and local governments regarding retiree healthcare...

The municipal bond market may seem rather straightforward with very low default rates and...

Municipal debt with investment grade ratings are generally regarded as a safer form of investment...

The municipal debt markets are comprised of a wide array of issuers and their respective debt...

Almost every municipal debt investor puts the majority of their faith into the credit rating...

Sir John Templeton once said, “Bull markets are born on pessimism, grow on skepticism, mature on...

The slow and steady electronification of municipal debt trading processes has certainly had a...

Electronic trading in the fixed-income market has experienced a surge as new platforms have come...

The Executive Orders (EOs) signed by President Trump have garnered plenty of national and...

The process of registering, issuing and selling municipal bonds is a complicated endeavor that...

Municipal bonds are used to finance everything from parking lots to airports, but buying a bond...

Municipal bonds are an important fixed income asset class for investors seeking above-market...

The U.S. municipal bond market reached a new milestone by issuing more than $445 billion in...

The municipal bond market is commonly used by high-net worth individuals in the U.S. for their...

In recent months municipal market volatility caused primarily by interest rate expectations has...

Due to the opaque nature of the municipal bond market, the Security and Exchange Commission (SEC)...

Investors may think that all bonds are debts that a borrower is legally obligated to repay, but...

Treasury yields (30 year) fell to just 2.22% on July 12 (and even lower a day before), reaching...

The municipal bond market is a popular safe haven during low interest rate periods, as their...

Municipal bonds have long been a favorite investment class for tax-sensitive investors since the...

Municipal bonds have a number of complex features that may make them difficult for individual...

Municipal Bonds are generally seen as safe investments since they are often backed by a series of...

Investing strategies can fall under a number of different philosophies; depending on the goals...

Bonds are the cornerstone of traditional debt financing for both the public and private sector...

Muni investing is popular because it has the potential to offer higher yields than similar...

In 2009, the United States was suffering a major recession that had bond market investors running...

Municipal bonds are a great way for investors to preserve capital and generate tax-free income....

There are over 80,000 issuers of municipal bonds in the United States. With so many different...

Investors buy bonds to ensure a steady stream of interest payment income over the period of...