Category: Markets
Morgan Stanley U-Turns: No Longer Thinks Federal Stimulus Will Come in 2020. “Bumpy Path” for Munis Over Short-Term.
September 25, 2020 – In a reversal from its July prediction, Morgan Stanley’s municipal research team now thinks federal stimulus…
Foreign Investors Can Achieve Over 120 Bps Incremental Yield For Taxable Munis
July 21, 2020 – An analysis by Bank of America indicated European and many Asian investors can achieve significant incremental…
Low-Risk Taxable Munis Outperformed Agency and Corporate IG Debt in 1H2020
July 8, 2020 – Data by JP Morgan and Bloomberg found that taxable municipal bonds returned 8.5% in the first…
Betting Markets Point To 28% Probability of Democratic “Blue Wave”. Analysts: That’s Great for Munis!
June 15, 2020 – Based on betting market odds, research house Morgan Stanley computed a 28% probability (as of June…
Ahead of NYC’s First Post-COVID19 Bond Sale, Fitch and S&P Affirmed TFA (Personal Income Tax and Sales Tax Credit) at “AAA”, With Stable Outlook
May 9, 2020 – Ahead of a $726 million tax-exempt and taxable subordinate-lien bond sale next week, rating agencies affirmed…
How A Morgan Stanley Report Might Stymie Future Stimulus Bills To Assist U.S. Corporations
April 21, 2020 – A report by Morgan Stanley is being scrutinized by market participants and political staffers for concluding…
Citi To Investors: Stay The Course and Remain Invested
February 26, 2020 – One of the most controversial interest rate calls in #Muniland was made late last year by…
As Fear Grips Investors, Muni Players Ponder: Do Dark Clouds Lie Ahead?
February 24, 2020 – The Dow Jones Industrial Average lost 3.56%, or 1,031 points on Monday, while the S&P 500 and Nasdaq fell 3.35% and 3.71%,…
Moody’s: Coronavirus Clouds Global Growth Outlook. Conditions Could Worsen If Virus Not Contained in Q1.
February 18, 2020 – In a report issued this week, Moody’s Investor Service opined that the coronavirus outbreak is likely…
PIMCO: Munis Outperformed in January Even As Secondary Activity Was Muted
February 13, 2020 – In its monthly municipal market review published today, PIMCO noted the Bloomberg Barclays Municipal Bond Index…
