HilltopSecurities recently advised Dallas Fort Worth International Airport on its largest ever single-day bond issuance—$1.96 billion! Learn More

The Bond Buyer: Congressional turnover could sink second reconciliation

12/04/2025

“I’ve been thinking about the President talking about this potential tariff rebate,” said Tom Kozlik, managing director, head of public policy and municipal strategy for HilltopSecurities. “I don’t think that they’ve necessarily said it, but that’s the perfect policy that could be done in reconciliation. The One Big Beautiful Bill was a huge piece of legislation, and they got it done relatively easily.”

Read the full article

Learn More From HilltopSecurities

Rate Cut Expectations Surge, Could Mean Renewed Momentum for Municipals

Markets Swing and Fed Expectations Shift While Municipals Hold Steady

September Jobs Data Clears One Cloud, But the Forecast Stays Gray and Unclear

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.