Month: May 2014

Liquidity Concerns at PREPA

Market Outlook As the month of May comes to a close, the U.S. bond market continues to confound all pundits with a major technical breakout below the 2.50% mark. In fact, the 10-year Treasury yield, currently sitting at 2.41%, a new low for the year, has become a news...

Could Rhode Island and Puerto Rico Share the Same Rating?

Market Outlook On the back of a powerful rally since February, the municipal market is now on track to erase most of the losses incurred during last year’s selloff. Since September 9, 2013, the high yield water mark from last year, the benchmark AAA yields, according...

Of Michael Lewis and Today’s Muni Market

Last Friday, the fixed-income market reacted in rather surprising fashion to a very strong April employment report: it actually rallied, pushing the benchmark yield on 10-year Treasuries down near the low for the year … Plus, thoughts on Michael Lewis’ “Flash Boys: A Wall Street Revolt” and its implications for the municipal bond market.

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