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Municipal Commentary

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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...

The Bond Buyer: Reconciliation revives tax exemption threat

With the war in Iran going on in the background, turmoil at the airports, and Republican infighting, the possibility of...

PODCAST: Runways, Roads, and Ports: Connection, Credit, and Municipal Transportation

 When most people think about transportation, they think about flights, highways, or trains. What they don’t see is the...

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