Latest Updates: Related to Inflation

The Bond Buyer: Finding value in second quarter after volatile first


Issuance will remain slow in the second quarter of 2023, and for most of the year, noted Tom Kozlik, head of public policy and municipal strategy at HilltopSecurities. Higher interest rates will be to blame for the lack of issuance going forward, Kozlik said. "The higher interest rates just are not allowing refundings to work in most cases," he said. "There will not likely be heavy months of issuance or months where we see consecutive $40 billion a month, or $40 billion a month for three months in a row."

Read the full article

Learn More From HilltopSecurities

VIDEO: CNBC – I’m not seeing cracks in muni credit quality, says HilltopSecurities Tom Kozlik

First Quarter 2023 Public Finance Infrastructure Financings Lower, as Expected – Our Update on Issuance, Fund Flows, & Benchmark Yields

Municipals Seen as Quality Amid Bank Stress, Economic Uncertainty

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