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Municipal Commentary

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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...

The Bond Buyer: Muni market faces elevated cyber risk as war rages in Middle East

Given all the macro and policy noise, investors have been reacting by "simplifying," said Tom Kozlik, managing director and head...

CNBC: Find safety and income in these tax-exempt bonds as the Iran war stirs up the market

For Tom Kozlik, head of public policy and municipal strategy at HilltopSecurities, the latest moves mean an opportunity to lock...

Smith’s Research & Gradings: Hilltop’s Simple Fix for Affordable Housing

Smith's Research & Gradings highlighted a recent HilltopSecurities' commentary titled A Simple Fix to Keep the American Dream Alive: Carve...

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