Celebrating 80 Years of Financing What Matters Most. Learn More
............

Municipal Commentary

Filter Topics Below

PODCAST: Escalation in the Middle East Raises Cyber Risk for U.S. Public Finance

 In the latest HilltopTalks, Tom Kozlik, Head of Public Policy and Municipal Strategy at HilltopSecurities, sits down with Omid...

Elevated Municipal Yields Persist as Private Credit Draws Scrutiny, Fiscal Concerns Build, and Long-end M/T Ratios Stay Attractive

A modest weekly outflow is not likely to break the 2026 municipal demand story when funds are still up nearly...

VIDEO: Muni Minute – A Second Look at Last Year’s Yields

In the latest MuniMinute, HilltopSecurities’ Tom Kozlik joins John Muschalek to break down what strong municipal fund inflows, a cooling...

April’s Municipal Setup: Obstacles Up Front, Opportunity in Elevated Yields

Municipal yields are still attractive, and still higher than we expected they would be in 2026, which is why this...

VIDEO: Asset TV – Out of Office: Tom Kozlik

From coaching and playing ice hockey to gardening in the Texas heat, Tom Kozlik of HilltopSecurities doesn’t mind extreme temperatures....

Smith’s Research & Gradings Cites HilltopSecurities’ Commentary on Affordable Housing

Smith’s Research & Gradings recently referenced HilltopSecurities’ Feb. 10 commentary titled “A Simple Fix to Keep the American Dream Alive:...

Markets Confront Artificial Intelligence as a General‑Purpose Technology

We are in the AI Overlap Period. The old system still operates while a new AI layer is built into...

The Bond Buyer: March issuance rises amid volatility

“March [being] a big month of issuance doesn’t surprise me. What surprises me, though, is that even though the level...

A Second Look at Last Year’s Yields as Investors Revisit Stability Amid Foreign Policy, Macro, and Technology Uncertainty

March has delivered a sharp reset higher in yields, driven by heightened uncertainty around energy prices, geopolitics, and a Federal...

Follow Tom Kozlik
on X @tomkozlik

Follow the latest updates and topical discussions
from Tom on X.

Learn More From HilltopSecurities

Commentary Overview

Economic Commentary

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