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By HilltopSecurities

Municipal Commentary

The municipal bond market enables more than 50,000 state and local governments, agencies, and authorities to fund a variety of public works projects. However, the breadth of the market and its tax advantages leave it subject to the mandates of regulatory agencies and legislators. Our municipal commentary helps you stay up to date on the latest market headlines and trends.

Tom Kozlik is the Head of Municipal Research and Analytics for HilltopSecurities. He distributes widely read municipal commentary and frequently contributes to national media outlets. With over two decades of experience in the fixed income industry, Kozlik is a nationally recognized strategist who brings unique insight and perspectives to his commentary and analysis of municipal market trends, opportunities, and challenges. For 2018-2021, Smith’s Research and Gradings included him on the first team in the generalist category of its Municipal All-Star Team, in addition to the third team in the sellside director of research category for 2020 and 2021.

He was voted to Institutional Investor’s All-America Fixed-Income Research Team and Greenwich Associates named him one of the Most Helpful Analysts in Municipal Bonds in 2015. In addition, Kozlik has taught graduate-level public finance courses at the University of Pennsylvania’s Fels Institute of Government, where he earned a Masters of Government Administration.
February 10 , 2021

Some Preliminary Details Released of Proposed $1.9 Trillion American Rescue Plan

Lawmakers in Washington are in the process of developing and approving legislative language in response to the budget reconciliation resolution...

February 08 , 2021

Deep Cuts Remain; State and Local Govt. Jobs Down Over 1.3 Million

State and local government employment is still down by 1.3 million jobs compared to the pre-pandemic level. The last time state and local employment...

February 05 , 2021

State Outlook Remains Negative; Direct Fiscal Relief Still Needed

State governments need direct relief. There have been zero dollars of direct, unencumbered aid for state and city governments allocated since the...

February 01 , 2021

U.S. COVID-19 “Spikes Like We Have Not Yet Seen” Could Be Coming; Sixth Phase Relief Status

The U.S. experienced 95,000+ COVID-19 related deaths in January 2021, its worst month since the pandemic began almost a year ago.
Some vaccine...

January 28 , 2021

VIDEO: Unsurprisingly, Fed Says Path of Economy Depends On Virus & Vaccine Distribution

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