By Tom Kozlik

Municipal Commentary

The municipal bond market enables more than 50,000 state and local governments, agencies, and authorities to fund a variety of public works projects. However, the breadth of the market and its tax advantages leave it subject to the mandates of regulatory agencies and legislators. Our municipal commentary helps you stay up to date on the latest market headlines and trends.
March 19 , 2021

American Rescue Plan Provides Massive Economic Boost, U.S. Public Finance Could Be on Brink of a Golden Age, Especially if Infrastructure Stimulus Follows

The American Rescue Plan Act of 2021 ($1.9 Trillion), is the sixth phase of U.S. fiscal policy in response to COVID-19. Lawmakers have spent almost...

March 03 , 2021

America’s Infrastructure GPA: C-, up from D+

The American Society of Civil Engineers (ASCE) released their 2021 Report Card for America’s Infrastructure today and it shows, "For the first time...

March 02 , 2021

Continuing to Assess Cost and Liquidity Pressures for Texas Power Utilities

We are still trying to piece together net costs and potential liquidity pressures Texas power utilities are facing following the recent extreme...

March 01 , 2021

Brazos Electric Power Files Ch. 11, S&P Places Six Texas Utilities on CreditWatch with Negative Implications

This morning, the Brazos Electric Power Cooperative filed a Chapter 11 Petition in U.S. Bankruptcy Court.
Brazos Electric reports it has $2...

February 26 , 2021

February Housing Finance Agency Prepayment Report, Delinquency Trends, and Outlook

HFA MBS February prepayments slowed in line with the broader Agency MBS universe, leaving the HFA/Generic ratios mostly stable. In the GinnieMae...

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