Municipal Bond News

Market News Commentary - From The Desk of David Loesch 04.15.2021

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on April 15th, 2021

BOA said they see a "rally" in the MUNI markets as we move into 2021. Yesterday, they made additional comments as to "why" the rally should take place. All indications as to rally will draw upon a record amount of cash being pumped into the markets, specifically the MUNI markets. These capital injections will also support a tax increase on the highest e

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on April 8th, 2021

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on April 1st, 2021

President Biden spelled out his bold spending plan yesterday, indicating that a rise in corporate taxes from 21% to 28% was necessary to pay for the various COVID stimulus and infrastructure proposals.

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on March 25th, 2021

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on March 18th, 2021

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on March 11th, 2021

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on March 4th, 2021

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on February 25th, 2021

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on February 10th, 2021

States are continuing to slash their deficit forecasts due to the increased revenue stream and unexpected tax flow dollars from our economic recovery. IL is the latest state moving its deficit numbers down to $3B from $5.5B. The Governor attributes this change to the “economy performing stronger than expected." I find it ironic in a market where there seems t

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on February 4th, 2021

MUNI bond rating downgrades exceeded upgrades last year for the first time since 2014. There were 390 downgrades compared to 296 upgrades in 2020. The cuts impacted $215.2B of securities or about 84% of the total rated debt; $42.1B saw their ratings increase. This change is to be expected under the 2020 pandemic pressures.