Category: Investing
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…
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…
New York Poised To Ban Cigarette Sales; Tobacco Bonds In Jeopardy
March 28, 2020 – Based on two separate articles published today and on March 27, the Buffalo Chronicle reported that…
Stocks Plummet. 30Y Tsy at 1.8%. It’s A Very Mixed Outlook for Municipals.
February 24, 2020 – As of this morning, fears of a prolonged #coronavirus outbreak and potential Bernie Sanders’ Presidency tanked…
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…
Bank of America Muni Recap for 2019: It Was A Rather Great Year
January 3, 2020 – In a report issued this morning by BofA Securities (“BAS”), analysts Yingchen Li and Ian Rogow…
Citi Forecasts 1% 10Y MMD. Buyers’ Regret For Issuers Biting Taxable Refunding Apple?
December 17, 2019 – After many years of analysts forecasting higher interest rates, Wall Street firms are taking a contrarian…
S&P Cuts Tobacco Bond Ratings
October 25, 2019 – S&P Global Ratings downgraded 67 tobacco bond CUSIPs yesterday, citing weak cigarette sales and declining credit…
