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.

As a leading municipal investment bank, we’re dedicated to informing public entities about the latest effects of COVID 19 on the financial markets. We have created a dedicated page for all commentary related to COVID-19 Market Effects.

 

 

Mobility Index Falling in Select States, Warns Recent
Improvements Could Be At Risk
07/7/2020
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Jobs Up Again, Too Much Uncertainty from Reopening
Rollback, Spread of the Virus Still What Matters
7/2/2020
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No Municipal Debt Binge, and There Won’t Be One
7/1/2020
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Another Corporate Facility Launched, Fed Chair’s
Prepared Comments are Stale, & PPP Expires
6/30/2020
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The New Surge Renders Thursday’s June Jobs
Numbers Meaningless, Almost Ensures Federal Relief
in July
6/29/2020
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COVID-19 is a National Stress Test; Surprise Record
Infections, Policy Shifts Occurring
6/26/2020
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Quiet Phase Two for NYC, More Relief “Absolutely
Critical” for NYMTA
06/23/2020
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$1.5T for Infrastructure in Proposed “Moving Forward”
Act, Municipal-Friendly Elements Included
06/22/2020
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Fed Pledge to Buy Corporates Underway;
Nothing New for Municipals
06/19/2020
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Labor Market Remains Challenged; Jobless
Claims Above Estimate Fuels Relief Demand
06/18/2020
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Economic Recovery Proposal, State and Local Relief
Key Component
06/17/2020
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Infrastructure Rising to Top of Legislative Agendas
06/16/2020
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Fed Launches Main Street Lending Program,
Mulls Expansion to Non-Profits
06/15/2020
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Local Schools on the Road to Reopening in Fall 2020
06/11/2020
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The Decline of Social Distancing
and its Economic Impact
06/09/2020
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"Defund the Police" Meaning, Influence on
Budgets and Pensions
06/08/2020
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Jobs Added, Unemployment Rate Down,
Government Jobs Gutted
06/05/2020
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State and Local Relief Not Likely Until July;
Delayed by Demonstrations, Other Agenda Items
06/04/2020
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Illinois Taps Fed’s Municipal Liquidity Facility,
Fed Expands Eligibility
06/03/2020
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Inherent Conflict in Returning to Normal
06/02/2020
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More Hurdles to Financial Equilibrium, Recovery,
and Growth
06/01/2020
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“Final” COVID-19 Relief, New York City to Reopen
05/29/2020
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State of Confusion
05/28/2020
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Municipal Credit Two Months into the New COVID-19
Normal
05/20/2020
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The HEROES Act: The House Democrats’ Opening
Proposition
05/12/2020
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Updated Pricing Detail: Federal Reserve’s Municipal
Liquidity Facility
05/11/2020
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Credit and Market Update
05/08/2020
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Single Family Housing, Durability Will Help Endure the
New COVID-19 Normal
5/6/2020
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Credit Deteriorating, Moody’s Lowers State Outlook to
“Negative”
05/01/2020
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Fed Expands Municipal Liquidity Facility, Provides
Details
04/29/2020
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2020 Municipal Bond Analyst Survey
04/28/2020
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“Push the Pause Button” Elevating the Level of
Political Risk
04/23/2020
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No Relief
04/20/2020
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Health Crisis Abates, Market Normalizing, & Watching
Credit Quality
04/13/2020
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Governments on Deadline for $150 Billion of CARES
Act Relief
04/13/2020
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More Good News than Bad this Week
4/9/2020
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Rating Agencies - Assessing Ability and Willingness in
the New COVID-19 Normal
04/08/2020
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Non-Profit U.S. Healthcare - Rising Costs of Care from
the COVID-19 Pandemic
04/07/2020
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Three Key Atypical Credit Risks & Market Update
04/03/2020
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Mass Transit - From Here to There
04/02/2020
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Public Higher Education - A Closer Look
04/01/2020
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Private Higher Education - Impact from Social
Distancing
03/31/2020
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U.S. Airport Sector View - A Month Into COVID-19
03/30/2020
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Four Weeks In March
03/27/2020
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House Speaker Pelosi Wants More for State and Local
Governments in Potential Fourth Phase
03/25/2020
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Agreement on the $2+ Trillion CARES Act; Not Nearly
Enough for State and Local Governments
03/25/2020
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Still Waiting on Congress, Looking for State and Local
Government Stimulus
03/24/2020
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Congress Working on $2+ Trillion of Stimulus;
Fed Provides More Targeted Support for Municipals
03/23/2020
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Tax Deferrals, Market Needs Help With Liquidity,
Federal Government Support
03/20/2020
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$12 Billion Flows Out of Municipal Funds, Recent Monetary & Fiscal Policy
03/19/2020
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March 18 Market Activity – A Focus on the Significant
Pressure in the VRDO Market
03/18/2020
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March 17 Market Activity
03/17/2020
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March 16 Market Activity: HilltopSecurities Lowers
Credit Outlooks Due to Unprecedented Steps Taken
to Contain COVID-19
03/16/2020
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Municipal Market Update: Week of March 16 Playbook
03/16/2020
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COVID-19 Impact Worsens
03/12/2020
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Lowered Airport Sector Outlook: Recent COVID-19
Impact
03/11/2020
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Falling Confidence and No Federal Stimulus Increase
to Start the Week
03/09/2020
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Uncertainty – What The Municipal Market Knows
and Doesn’t Know About COVID-19
03/04/2020
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Bracing for the Worst; the Coronavirus Market Effect
2/26/2020
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The Coming Climate Change Reallocation
1/17/2020
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An Issuer's Market
1/15/2020
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Small Increase for HUD Public Housing Capital Fund
12/19/2019
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Municipal Bond Market 2020 Preview and Decade Recap
12/18/2019
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CRA Reform is on the Table, Regulatory Update
12/13/2019
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2020 Volume Forecast Preview
12/11/2019
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Watching ESG in California, 2019
10/30/2019
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Barriers to Fully Funding Public Pensions: Largely,
a Problem of Asymmetric Information
10/25/2019
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Threat of Cyber, Ransomware Attacks Remain
09/27/2019
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Social Impact Investing Throught CDFIs
09/06/2019
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Municipal Bond Sector Credit Outlooks
08/26/2019
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What May Be the Future of Bondholder Recoveries?
07/26/2019
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July 2019: It is News, Not Just Noise
07/25/2019
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June 2019: Threat to the Tax Exemption
06/04/2019
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