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Municipal Commentary

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Smith’s Research & Gradings Cites HilltopSecurities’ Commentary on Affordable Housing

Smith’s Research & Gradings recently referenced HilltopSecurities’ Feb. 10 commentary titled “A Simple Fix to Keep the American Dream Alive:...

Markets Confront Artificial Intelligence as a General‑Purpose Technology

We are in the AI Overlap Period. The old system still operates while a new AI layer is built into...

The Bond Buyer: March issuance rises amid volatility

“March [being] a big month of issuance doesn’t surprise me. What surprises me, though, is that even though the level...

A Second Look at Last Year’s Yields as Investors Revisit Stability Amid Foreign Policy, Macro, and Technology Uncertainty

March has delivered a sharp reset higher in yields, driven by heightened uncertainty around energy prices, geopolitics, and a Federal...

The Bond Buyer: Reconciliation revives tax exemption threat

With the war in Iran going on in the background, turmoil at the airports, and Republican infighting, the possibility of...

PODCAST: Runways, Roads, and Ports: Connection, Credit, and Municipal Transportation

 When most people think about transportation, they think about flights, highways, or trains. What they don’t see is the...

The Bond Buyer: Munis face extended pressure as geopolitical tensions continue

A month ago, most believed the Fed would move rates lower twice; now it’s in “wait-and-see” mode until the Fed...

VIDEO: Asset TV – Fed Signals, Geopolitics & Issuance

Tom Kozlik, Head of Public Policy & Municipal Strategy at HilltopSecurities, breaks down what investors should expect from the upcoming...

VIDEO: Asset TV – Muni Analyst Issuance Projections for 2026

Tom Kozlik, Head of Public Policy & Municipal Strategy at Hilltop Securities, reviews issuance progress year‑to‑date and compares it to...

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