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

Municipal Industry Commentary

Filter Topics Below

Mayor-Elect Mamdani at the AI Crossroads Navigating Between Disruption & Opportunity

Zohran Mamdani was elected mayor of New York City, defeating high-profile opponents with a platform focused on affordability, structural reform,...

AI is Racing Ahead and Energy Infrastructure Needs to Catch Up

The biggest bottleneck for Artificial Intelligence (AI) isn’t algorithms or chips—it’s electricity. U.S. energy capacity is running close to the...

Municipal Issuance Moves Toward Stability with $555 Billion Expected in 2026

2026 won’t likely be a year of extremes—it will be a year of normalization. Issuance should remain solid by historical...

The Bond Buyer: Bond markets quiet before expected Fed rate cut

October could be one of the strongest months for muni investors, said Tom Kozlik, managing director and head of public...

No Major Scares for Municipal Investors in October as Momentum Holds

October could likely turn out to be a strong month for municipal bonds, as we expected, with high issuance, solid...

The Bond Buyer: Cities, states anxious about impact of politics on capital plans

Tom Kozlik, head of public policy and municipal strategy at Hilltop Securities Inc., said next year’s pace of economic growth...

The Bond Buyer: Investor demand for munis is ‘robust’

Elsewhere, investor demand for munis is robust and could keep growing, said Tom Kozlik, managing director and head of public...

The Bond Buyer: A threat to tax-exempt munis revived?

“It subtly raised my spidey-sense for a threat to the tax exemption,” said Tom Kozlik, managing director, head of public...

Preserve Wealth, Capture Yield with Municipal Bonds as Concern Mounts

Equity market risks are increasing as valuations climb and technology stocks dominate, prompting warnings about the possibility of a sharp...

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.