Direct-pay muni bonds, which were a hit a decade ago, could be revived – with a twist – as part of a program aimed at funding massive infrastructure investments. The bonds would be reminiscent… Read More »

As debate begins over the Biden administration’s plan for a massive infrastructure investment, municipal bonds are on the minds of lawmakers. While it’s unclear precisely how they might be… Read More »

We’ve published hundreds of commentaries over the years to help investors succeed in the municipal bond market. Have our insights held up? You make the call.  Exposing the cost of… Read More »

State and local finances challenged by the fallout of COVID-19 should be getting a $350 billion boost. The funds are part of the $1.9 trillion American Rescue Plan being considered by the House… Read More »

Yield-hungry investors are plowing record amounts of cash into high-yield munis. Enthusiasm for these bonds reflects historically low yields on investment-grade munis and, as we pointed out… Read More »

The oracles predicting a municipal bond market meltdown must be disappointed. Investors are plowing funds into munis despite a dip in issuance, as conditions seem more favorable for fiscal aid to… Read More »

Investors looking for clues on how the muni bond market might fare during the Biden administration are zeroing in on the nominee for Treasury Secretary, Janet Yellen. Yellen, who formerly served… Read More »

 An often “overlooked” corner of the municipal bond market – taxable munis – is drawing a lot of attention from fixed-income investors. Actually, “overlooked” is a misnomer. Though… Read More »

Separate efforts to both expand and eliminate a municipal bond relief program may seem at odds, but a closer look draws into sharp relief a deeper truth about the 200-year-old muni market. It… Read More »

Remember when investors questioned whether muni bond insurance was worth it? It was in the aftermath of the Great Recession and muni insurers had faltered. Several had strayed from their core… Read More »