Please find below our portfolio management team’s Summer 2020 Municipal Market Review.
This provides an overview of current market conditions and information about municipal strategies. If you would like additional information about our outlook, process, or specific strategies, please let us know.
Please find below our portfolio management team’s Summer 2019 Municipal Market Review.
This provides an overview of current market conditions and information about our total return and goals-based strategies. If you would like additional information about our process or specific strategies, please let us know.
Below 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. If you would like additional information about our process or specific strategies, please let us know.
Below please find the our portfolio management team’s Spring 2018 Municipal Market Review.
This provides an overview of current market conditions and information about our total return and goals-based strategies. If you would like additional information about our process or specific strategies, please let us know.
Please find below our portfolio management team’s 2018 Winter Municipal Market Review.
This provides an overview of current market conditions. If you would like additional information about our process or specific strategies, please let us know
Bond yields have remained range bound over the past four months. Through the first two months of the third quarter, bonds continued their rally. The 10-year Treasury started the quarter yielding 2.31% and by 8/31 had fallen to 2.15%. Yields reversed course during the last month of the quarter with the 10-Year Treasury hitting 2.46% on 10/26. Since then, yields have fallen with the current 10-Year yield back to where it started at the beginning of the 3rd quarter at 2.32%.
The election of Donald Trump surprised many and sent bond markets into a market frenzy. On the day before the election, the 10-year AAA rated average municipal yield was 1.73%. By the end of November, the yield jumped to 2.51%. This 78 basis points jump in yield was more than the jump in the 10-year Treasury (+53 basis points) over the same timeframe.
