Filtered by Municipal Fixed Income
January 2, 2020
We see this question often and have responded periodically by updating and publishing the table to the right, which looks at 5-year, 10-year and 30-year current coupon Treasury bonds as well 10-year zero coupon Treasury bonds.
December 11, 2019
We look at municipal exchange traded funds (ETFs), a growing factor in the muni investment world.
December 9, 2019
Publicly owned utilities and electricity cooperatives are critical elements of U.S. infrastructure, providing power to 54 million U.S. households and businesses.
November 6, 2019
The initial read on US GDP growth for the recently ended 3rd quarter was a 1.9% growth pace, only the third quarter with sub-2% growth rate since the end of 2015.
October 22, 2019
Climate considerations can have an impact on the credit quality of municipal bond issuers, analyst Alan Schankel explains.
October 15, 2019
Like many states, Pennsylvania has programs that add a layer of bondholder security for local school district bond issuers.
October 10, 2019
Municipal bonds are a particularly popular investment since interest earned is not subject to federal income tax, but not all municipal bonds are free from Uncle Sam’s tax bite.
October 9, 2019
Last year’s municipal new issuance total, at $339 billion, established 2018 as the slowest of the past 5 years, and through May 2019, it seemed that this year would not be much busier, but the pace picked up after May.
July 22, 2019
Although the US tax system has included various versions of a minimum tax since 1969, the Alternative Minimum Tax regime resembling the current system was enacted with the Revenue Act of 1978. The AMT is a parallel tax system designed to reduce the number of taxpayers who pay little or no tax due to deductions and exemptions.
July 2, 2019
The first half of 2019 was good for municipal bond investors.
June 24, 2019
This outperformance has been particularly notable since the 10-year ratio has been above 80% since before the 2008 financial crisis and subsequent Great Recession.
Multiple factors can impact M/T ratio levels over time, including shifting supply and demand levels.
The security provisions of these programs produce ratings that are based in part or in whole on the state’s creditworthiness and the mechanics of the program, often allowing school districts to finance capital expenditures at lower interest rates than might be available with bonds issued without the credit enhancement.
Erin V Ortiz June 24, 2019
Given the depth of the last recession and moderate growth since, building reserves back to prior levels remains a challenge for some.
May 14, 2019
The vast majority of municipal bonds available in the market at any given time are offered at premium prices relative to their par value.
Erin V Ortiz May 7, 2019
Since many investors hold municipal securities long-term, understanding the risks that could likely occur through economic cycles are important.
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