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.
Filter By
The Bond Buyer: Another banner year for muni issuance
“Total issuance for 2021 shaped up to be very close to what we expected after the American Rescue Plan Act propped up municipal credit,” said Tom...
PODCAST: The Bond Buyer – COVID paradigm shift a credit positive
HilltopSecurities' Tom Kozlik updates his 2022 outlook for the public finance industry, raising his outlooks on the state and local governments and...
PODCAST: Cyber-attacks Could Threaten U.S. Public Finance if Used as Geo-political Weapons
HilltopSecurities Head of Municipal Research & Analytics Tom Kozlik speaks with Omid Rahmani, Associate Director: US Public Finance at Fitch...
MarketWatch: Muni bonds log worst start to the year ever as Fed gets set to hike interest rates
Those “incredibly rich valuations with low yields” made investors more wary by the turn of the year, said Justin Hoogendoorn, head of fixed income...
REVISED: The Municipal Market in 2022, Due to the COVID-19 Paradigm Shift
Our public finance credit outlook is more optimistic now that we have entered the month of February compared to when we published our 2022 outlook in...