Our Credit Research team has been diligently monitoring the outbreak of COVID-19. This piece discusses the impact to municipal credit quality, the outlook given stimulus and policy responses, and highlight some of the sectors we have been monitoring. […]
Read More… from COVID-19: Assessing Impact on Municipal Credit and Sectors
Municipals rallied on Tuesday as Fed measures and stimulus hopes, combined with cross-over buyers showing a willingness to engage at higher gross yields, led to better buying across the curve. […]
Read More… from Municipal Market Volatility and Liquidity Amid COVID-19 (March 25, 2020)
Given the continued market volatility, we want to make sure we continue providing clients with regular updates on the state of the municipal bond market. […]
Read More… from Municipal Market Volatility and Liquidity Amid COVID-19 (March 19, 2020)
Given the continued market volatility, we want to make sure we continue providing clients with regular updates on the state of the municipal bond market. […]
Read More… from Municipal Market Volatility and Liquidity Amid COVID-19 (March 16, 2020)
In this commentary, Kenneth Potts, Senior Vice President and Portfolio Manager, and Dexter Torres, Senior Vice President and Portfolio Manager, Head of Trading, discuss our thoughts on the significant illiquidity in the Municipal Bond Market. […]
Read More… from Municipal Market Volatility and Liquidity Amid COVID-19 (March 12, 2020)
With an increase of new cases of coronavirus (COVID-19) in the US and community spread more likely throughout the country, there could be a slowdown in economic activity of businesses and individuals. […]
Growing fear and uncertainty surrounding the spread of the “Novel Coronavirus” has led to market volatility and a subsequent flight to quality in recent weeks. These conditions have greatly benefited the Treasury crossover trade we implemented in our Tax Efficient strategies. […]
It was only last week, on February 19th, that the SP 500 ended the day at its all-time closing high, up over 5% since January 1st. Throughout the rally, interest rates continued to trend down –perhaps in anticipation of continued central bank accommodation worldwide. […]