It’s a question we hear every so often, usually by an investor new to the municipal bond market: “With yields so low, why would anyone buy munis?” For successful fixed-income investors,… Read More »

After months of debate, a House committee agreed on a plan to create a seven-member board that would oversee Puerto Rico’s finances and manage its debt negotiations. The bill, approved Wednesday… Read More »

The spotlight is on municipal bonds, have you noticed? With an up-and-down equities market and stinging tax rates, many reporters and pundits are touting the “buoyancy” of the… Read More »

Interest rates aren’t going anywhere fast. That was the message from the Federal Open Market Committee. After its two-day meeting Wednesday, the Fed said a slowdown in economic activity… Read More »

With muni yields at historic lows, have you heard anyone say they’ll be moving lower? Neither have we. In fact, the decline in yields is what we’ve seen – and predicted – for years, as… Read More »

Feathers are flying amid an especially rancorous political year, but there’s harmony among politicians on at least one important issue: the tax exemption on municipal bonds. A bipartisan group… Read More »

The House passed a bill that would treat municipal bonds as “high-quality liquid assets” under new banking rules. A companion bill is expected to be introduced soon in the Senate. Rules… Read More »

The chairman of a U.S. House committee said legislators will be able to come up with a plan by next month to address Puerto Rico’s fiscal problems. In December, U.S. House Speaker Paul Ryan… Read More »

As Puerto Rico’s debt saga unfolds, the rights of individual investors must be recognized. To that end, we have forwarded the following letter to U.S. Speaker of the House Paul Ryan and Senate… Read More »

Puerto Rico paid interest due on its general obligation bonds but diverted cash set aside for its infrastructure bonds, a move insurers deemed as illegal. Earlier this week, Puerto Rico defaulted… Read More »