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Posted in Uncategorized

COVID-19 Dislocations Widened Municipal Bond Effective Speads By ~50 bps

May 28, 2020 – Based on a recent report issued by the Municipal Securities Rulemaking Board (MSRB), the average effective…

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Posted in Budgets COVID-19 Federal Reserve Investing Issuers Uncategorized

Opinion: Buyer of One – Why The Federal Reserve’s Municipal Liquidity Facility Will Worsen Muniland’s Long-Term Outlook.

April 14, 2020 – The Federal Reserve brought their “bazooka” into #Muniland last week, promising (guidelines are pending) to purchase…

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Posted in Broker-Dealer Investing Markets Sell-Side Research Uncategorized

Morgan Stanley: Weaker Returns Likely For Municipal Bonds.

January 21, 2020 – In a research report issued today, Morgan Stanley opined that rich valuations for municipal bonds are…

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Posted in Broker-Dealer ESG Federal Reserve Uncategorized Underwriting

Regulator Rebukes Wells Fargo (Again!). Bank Fired and Blacklisted Thousands of Low-Level Employees

December 4, 2019 – In an exclusive, the Wall Street Journal reported that the Office of the Comptroller of the…