Municipal Bond News

Market News Commentary - From The Desk of David Loesch 07.02.2020

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 2nd, 2020

Fund flows continue to be healthy, investors added $2.61B to MUNI bonds funds the week ending 6/24.

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on June 24th, 2020

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on June 18th, 2020

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on June 11th, 2020

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on June 4th, 2020

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on May 28th, 2020

Rates have fallen so quickly and steeply in our market that states and cities can now borrow near February’s all-time lows.

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on May 19th, 2020

The FED indicated yesterday that the central banks' $500B lending program to states and cities is “working,” and we are seeing signs it is an overall positive for our markets. The mere prospect of such an unprecedented intervention helped halt a liquidity crunch in March that sent pricing tumbling as we all painfully remember.

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on May 14th, 2020

House Dem's prepared a bill that will add a 4th stimulus package focused on the MUNI and State markets. They proposed a $3T deal for just that purpose.

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on May 6th, 2020

Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on April 30th, 2020

Powell urged lawmakers to deliver more fiscal stimulus to shield the US economy from the virus as he warned yesterday of a weak recovery as the pandemic passes. Economic activity will likely drop to an unprecedented rate in the second Q, and the economy will need support from all of us, referring to the Treasury and the Government.
As we know, rates did not change on 4/29