Market Commentaries

“The Cost of Waiting”

May 2010

In recent months, we have often heard the refrain from investors, “I’m just going to wait until interest rates rise.” and, in fact, many investors are waiting for Federal Reserve policy makers to raise interest rates before committing money to the bond …


Moody’s Recalibrates

April 2010

Moody’s recently announced it is changing its municipal rating scale to a uniform global scale. This change should occur by the end of April and will mean its municipal bond ratings will be directly comparable to the ratings it assigns to other bond is …


“Build America Bond Story”

February 2010

In this two-part video briefing, Ronald Bernardi summarizes the key points of the President’s Letter below. The 2009 municipal bond market was much kinder and gentler than the 2008 version and, as a result, some investors are falling back into the …


“One Year Later – What is Different Today?”

December 2009

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“All Roads Lead to Rome… or Should we say Washington”

May 2009

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“We have met the enemy and he is us!”

November 2008

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“Market Fundamentals are Different Today”

June 2008

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“The Bond Insurance Debacle – “A Fine Mess”

February 2008

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“It was the Best of Times, It was the Worst of Times…” Bond Market Commentary

October 2007

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“The Bond Market… Can Intimidate Everyone.” Municipal Market Update

August 2007

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Municipal Market Update

July 2007

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Municipal Market Update

March 2007

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Should I buy a 6-month T-Bill to earn 4.53%…

January 2006

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2005 Year in Review

January 2006

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Waiting for Higher Rates?

September 2005

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