Municipal Commentary - HilltopSecurities

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Municipal Industry Commentary

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VIDEO: Muni Minute – Finishing 2025 with Patience, “Range-bound” Until New Signals Arrive

HilltopSecurities’ John Muschalek and Tom Kozlik close out 2025 with a look at what the latest Fed decision, mixed labor...

Smith’s Research & Gradings: Hilltop’s Kozlik – Rate Cut Could Renew Momentum for Munis

Investors are leaning into the idea that the Fed will act decisively to support growth as signs of macro-economic and...

Finishing 2025 with Patience, “Range-bound” Until New Signals Arrive

The labor market is still bending or softening, not breaking, with October payrolls down 105,000 and November up 64,000, and...

Why the Fed’s Likely Dec. 10 Move Matters for Municipal Investors

The U.S. FOMC is poised to ease, and futures markets signal an almost certain quarter-point rate cut at the Dec....

The Bond Buyer: Congressional turnover could sink second reconciliation

“I’ve been thinking about the President talking about this potential tariff rebate,” said Tom Kozlik, managing director, head of public...

Smith’s Research & Gradings: High Yield Municipal Monitor

The Market’s appetite for municipal bonds Is likely to pick up, according to Hilltop Securities. Tom Kozlik, municipal policy strategist,...

Rate Cut Expectations Surge, Could Mean Renewed Momentum for Municipals

Now the odds of a Dec. 10 rate cut are not just more than likely. A cut is now expected....

Markets Swing and Fed Expectations Shift While Municipals Hold Steady

Fed expectations have been swinging wildly and are likely to remain volatile ahead of the December 9-10th meeting, creating uncertainty...

VIDEO: Muni Minute – Signal Hunting is Back

After the longest federal government shutdown in history, HilltopSecurities’ Tom Kozlik returns with timely insights into what lies ahead for...

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