Month: April 2014

Puerto Rico’s Historic “Balanced” Budget

Market Outlook With the new issue calendar continuing its recent seesaw pattern, muni market participants are left to ponder two significant events this week: the FOMC meeting and the reportedly “balanced” budget announcement from the Commonwealth of Puerto Rico. The...

Puerto Rico: Bond Purgatory and Tax Haven?

Market Outlook A range-bound Treasury market has helped municipals maintain a steady, positive tone over the past few weeks. However, the recent stretch of outperformance has also eroded the relative value of the tax-exempt sector, leaving it vulnerable to a...

Tobacco Bonds and Fiscal Gimmickry

April 15th is always a special date for us muni geeks, particularly those of us who are focused on the high yield tax-exempt market. Aside from serving as a reminder of the value of tax-exempt income, Tax Day is also the day tobacco companies make their annual Master...

Bond Insurers’ Breakthough Settlement in Detroit

Having outperformed Treasuries over the last two weeks, the municipal bond market is in a state of limbo currently, as cross-market valuations are no longer compelling. A modest backup in yields may actually be a welcome development at this point.

Can a TV Show Impact a City’s Economy?

In the broadest sense, cities that provide the landscape for a television series – or a movie – benefit in both tangible and intangible ways. The increased publicity for and awareness of a city – particularly if portrayed in a positive light – often lead to concrete benefits such as increased tourism, greater economic development opportunities, and perhaps even an influx of residents. Other tangible economic rewards come as a result of on-location filming and production.

Archive By Date