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2020 Muni Market Midyear Update

10:29am, Wednesday, 15'th Jul 2020
States and towns are reluctant to make any issuance until they have an understanding of just how bad their revenue losses are going to be.

Heroes And Villains

01:35am, Sunday, 05'th Jul 2020
My attention is fully focused on the markets and what is driving them. The Superman for the markets is Chairman Jerome Powell, the Presidents and Governors of t

The Muni Selloff That Was

09:49am, Thursday, 02'nd Jul 2020
The first two months of the year witnessed a drop in US Treasury yields as well as muni yields as concerns over slowing growth internationally kept bond yields

Responsible Investing In A Traditional Asset Class

06:30am, Wednesday, 01'st Jul 2020
In November 2008, the World Bank issued the first-ever bond that carried the label green. Municipal green bonds enjoy the same tax-exempt status as traditional

Weekly Closed-End Fund Roundup: June 21, 2020

09:40am, Tuesday, 30'th Jun 2020
4 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. Preferreds have the highest sector

The Reopening Killed The V-Shaped Recovery

07:43am, Monday, 29'th Jun 2020
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
Treasury yields were little changed. Muni yields rose slightly as rally paused. Moody’s commented on property tax stability, college tuition revenue declines an

Weekly Closed-End Fund Roundup: June 14, 2020

07:49am, Tuesday, 23'rd Jun 2020
Risk-off week as 4 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Munis lead while MLPs lag. Big cuts to KYN/KMF.

Mid-Grade Munis Have Room To Rebound

07:19am, Thursday, 18'th Jun 2020
Caught in the COVID-19 economic downdraft, the municipal market suffered unprecedented volatility in March. Since then, however, demand for higher-grade municip
One of the most heated debates in quant finance is in the spotlight like never before.

MFS Announces Closed-End Fund Distributions

08:15pm, Friday, 01'st May 2020
MFS announces closed-end fund distributions for May 2020
Given the financial strength of the sector, we believe airports have the requisite resources to weather a decline in air travel over the next several months. If

Looking At The Debt Markets

05:29am, Monday, 27'th Apr 2020
Blood in the Streets creates opportunities and I think there are a number that have presented themselves now. There are Investment Grade energy company bonds th
23 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV this week. CEFs stage massive relief rally. GER/GMZ announce reverse share s
Tough times are ahead for municipal bond issuers. The recession, sparked by the coronavirus-led shutdown of the US economy, will temporarily reduce most tax and
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