This month will see volume surge beyond a figure that while in 2016 hasn’t been too uncommon, is historically a ceiling rarely broken through. Given this supply dynamic, we look at historic precedent along with what it means going forward as far as interest rates are concerned.
Mutual funds that invest in municipal bonds saw their first outflow – or cash leaving the complex on a net basis – since the fall of 2015. Still, the market did quite well given this dynamic. Why?
With such high demand in the municipal space, the market has seen an influx of lower-rated issuers with poorer covenants. We review what this means for investors and for defaults moving forward.
The latest fiscal plan from the U.S. Territory reflects an unwillingness to accept reality on behalf of the current Administration. Polling in the latest election suggests new policy makers will have a different approach.