Municipal Commentary - HilltopSecurities

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Municipal Commentary

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VIDEO: Muni Minute – Flows Into Municipal Mutual Funds Stay Strong. Discipline Matters More

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

VIDEO: CNBC – Bond market showing a renewed premium on stability, says HilltopSecurities’ Tom Kozlik

Watch HilltopSecurities' Tom Kozlik as he joins ‘The Exchange’ to discuss the action in bond markets, why it’ll be a...

A Simple Fix to Keep the American Dream Alive: Carve Housing Bonds Out of the Volume Cap Limitation

Congress is actively considering bipartisan housing bond legislation—volume‑cap relief is the logical next step.

The Bond Buyer: Munis underperform USTs after retail sales data

Mutual funds have seen more than $9 billion of inflows year-to-date, including last week’s $2.4 billion figure, per LSEG Lipper...

February’s Playbook: Flows Stay Loud, Credit Selection Matters

Municipal bond demand remains strong, with year‑to‑date mutual fund inflows already more than double the pace of early 2025 and...

The Municipal Market in 2026, HilltopSecurities’ Sector Credit Outlooks

2026 is a “discipline year” for municipals. The post‑2020/2021 subsidy glow is fading, rating momentum is normalizing (upgrades still lead,...

The Bond Buyer: Muni yields fall further on front end, belly of the curve

Very strong January municipal bond demand was "key" for the market, as mutual funds saw over $7 billion in inflows,...

January 2026 Was an Important Month for U.S. Municipals

Very strong January municipal bond demand was key for the market. More than $7 billion flowed into municipal bond funds,...

PODCAST: The Importance of Federal Reserve Independence — What Happens Before May?

In the latest episode of HilltopTalks, HilltopSecurities’ Tom Kozlik sits down with Scott McIntyre, Co-Head of Investment Management for HilltopSecurities...

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