Latest Updates: Related to Inflation Bond Markets Shrug Off California Budget Shortfall


Tom Kozlik, the Head of Public Policy & Municipal Strategy for HilltopSecurities in Dallas, says investors are largely chalking the data up to the base effect. "One of the critical things to keep in mind is just how strong revenues were in California in 2020," he adds. "Almost anything is going to fall short of that high a hurdle, and I think that the market understands that, and that's why they are shrugging off negative headlines."

Read the full article

Learn More From HilltopSecurities

The Fed is Not Changing Course, Reaffirms Our 2023 Municipal Outlook

The Bond Buyer: Fare-dependent transit agencies face tougher recovery from pandemic

The Bond Buyer: Short-end munis firmer, new-issue calendar tops $10B

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.