The tax-exempt market treaded water last week as new issues were reasonably well-absorbed and secondary market activities remained relatively subdued. Now that tax time is over, market participants are waiting for signs that mutual fund flows will be returning to the...
Month: April 2013
Where There’s Smoke, There’s Still Risk Aplenty
The week of April 15th also held a special meaning for holders of tobacco bonds backed by the so-called Master Settlement Agreement between the big tobacco companies and most of the states.
Thoughts On A Potential Muni “Armageddon”
After a lackluster first wave of first quarter earnings, the ensuing selloff in equities has provided good support for the fixed-income market, with municipals roughly keeping pace with the move in Treasuries.
Throwing in the Towel on Inflation?
In the aftermath of the Boston bombing, the Treasury market went into its predictable flight-to-quality mode, with municipals underperforming as a result. The primary calendar, consisting primarily of large, liquid issues, was absorbed with relative ease and...
Muni Bond Insights: New Column Offers Municipal Bond Market Commentary
MuniNet Guide is pleased to introduce Muni Bond Insights, a bi-weekly column written by Triet Nguyen, managing partner of Axios Advisors. In this column, Nguyen will offer his views on the municipal bond market, the week’s new issue calendar and other topics of...
Municipal Bond Market Outlook
By Triet Nguyen, Axios Advisors LLC April 16, 2013 As former Bostonians, our thoughts and prayers go out to the victims and families affected by yesterday’s tragedy. Welcome to the premiere installment of Muni Bond Insights. We’re grateful to MuniNetGuide.com for...
Mining the Web: U.S. Prison Population on the Decline
The Pew Public Safety Performance Project (PSPP) recently released a project updated entitled, “U.S. Prison Count Continues to Drop.” The update says that after nearly four decades of “explosive growth,” the U.S. prison population declined for two years in a row (from...
Massachusetts Investor Website Breaks Ground in State Investor Relations
In some instances, the redesign of a website can provide aesthetic changes to give it a fresh new look. In others, it can mean starting from the foundation, constructing a “new and improved” website that catapults it to a new level of distinction. The redesign of the...
Home Buyers to Lenders: Where is the Inventory?
by guest contributor Peter Fugiel, Ph.D. As the U.S. home markets begin to improve, it is clear that realtors and buyers alike are looking for more middle-market inventory. A few years ago, the hot topic was that the markets were too fragile for a major distressed...
Update: Stockton Chapter 9 Bankruptcy Approved
(Updated - 4/3/13) In June, Stockton California became the largest U.S. city to file for municipal bankruptcy protection. (See Stockton: From Fiscal Distress to Municipal Bankruptcy. ) On April 1, U.S. Bankruptcy Judge Christopher Klein ruled...