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 nearly 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.
November 17 , 2021

The Bond Buyer: Year-end offers value despite political, economic uncertainties

"The market is awaiting signs and signals about what the Federal Reserve Board may or may not do to end 2021 and begin 2022, according to Tom Kozlik,...

November 09 , 2021

The Bond Buyer: California scores big on federal infrastructure bill

"HilltopSecurities analyst Tom Kozlik described passage of the bill as ushering in the 'golden age of public finance,' in a Nov. 8 report. The bill...

November 08 , 2021

House Passed $1.2 Trillion Infrastructure Plan on Friday, Boosting What We Deemed (in March) as the Golden Age of Public Finance

The U.S. House passed the bipartisan Infrastructure Investment and Jobs Act (IIJA) of 2021 late Friday night (Nov. 5). This legislation formerly...

November 08 , 2021

MarketWatch: Are we due for a ‘golden age’ of public finance as the infrastructure bill crosses the finish line?

" 'I say we’re entering one of the more positive landscapes for municipal bond issuance that we’ve seen for a long time, and I’ve been pretty...

November 02 , 2021

VIDEO: Bloomberg – The Close

Tom Kozlik appeared on Bloomberg Markets "The Close" during the 'Muni Moment' segment. You can see the full show below and Tom's appearance around...

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