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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...

VIDEO: Muni Minute – Inside the Muni Rebound: Key Trends to Watch in 2026

In this week’s Muni Minute, Tom Kozlik and John Muschalek break down the early 2026 muni market rebound — where...

Fed Week: Heavy Flows Meet Light Supply, Powell in Focus (Jan. 27-28)

Nearly $5 billion has flowed into municipal mutual funds so far in January (including $994 million last week), colliding with...

2025 Municipal Bond Analyst Survey

The results are based on a survey conducted by HilltopSecurities in December 2025 & January 2026. The data was collected...

Money Moving Into Municipals as Yields Slip Again Last Week

The risk tone remains steady, the Fed meets Jan. 27–28 with no change expected after three 2025 cuts, and the...

The Fed’s Independence and Credibility, Reinforced

Fed Chair Jerome Powell’s Sunday statement strengthened confidence in Federal Reserve independence by reaffirming that rate decisions will follow the...

CNBC: Munis have a strong start to 2026. Where Wall Street sees opportunity

Yields fell by about 10 basis points last week thanks largely to rising demand meeting less supply, said Tom Kozlik,...

Range Break in the Signal Hunt: Municipals Enter 2026 with Strength

Investor mood is shifting from bracing to building as growth looks steady, inflation is cooler, and the rate path looks...

PODCAST: Discount Rates Up, Liabilities Down: Pensions Are Calmer. The Risk Just Moved.

Discount rate assumptions are changing, liabilities are falling—and yet the underlying risks haven’t disappeared. They’ve just shifted. In this episode,...

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