Since the financial crisis, municipal bonded debt outstanding has increased at a snail’s pace of 0.51% per year. With corporate debt growing at an annual pace of 5.33% and Treasuries at 10.18%, it appears the average municipal government has demonstrated relative fiscal restraint. In the 7 years leading up the 2008-2009 financial crisis, municipal debt grew at an average annual pace of…
The U.S. economy is firing on all cylinders right now. Small business confidence has reached all-time highs, jobless claims are near 49 year lows, while household net worth continues to climb into record territory. Federal Reserve Bank of New York President, John Williams, recently noted the economy is “about as good as it gets.” This growth spurt appears in what is now the second longest expansion cycle in history (111 months)……..
Please find the our portfolio management team’s Fall 2018 Municipal Market Review. This provides an overview of current market conditions and information about our total return and goals-based strategies.
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Grand Traverse County, MI – Township of Blair…
City of Kalamazoo, MI Wastewater System
South Bend, IN Park District
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