Municipal Bond News
Market News Commentary - From The Desk of David Loesch 01.21.2021
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on January 21st, 2021Market News Commentary - From The Desk of David Loesch 01.14.2021
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on January 14th, 2021- President-elect Biden will unveil today a COVID Relief Package rivaled in size only by last year’s $2Trillion Cares Act. Transition officials developed a proposal with Democratic lawmakers in recent days; the package is expected to be at least $900B, with Schumer pressing for $1.3T. Although these packages will be favorable for many, including most likely states and mun
Market News Commentary - From The Desk of David Loesch 01.07.2021
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on January 7th, 2021Market News Commentary - From The Desk of David Loesch 12.31.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on December 31st, 2020- The $3.9 trillion U.S. municipal bond market is on track to finish 2020 with returns of about 5.2%, marking the seventh straight year of gains and showcasing the rebound from a record selloff in March as fears about the pandemic’s fiscal fallout rattled investors.
- Initial jobless claims fell to 787,000 last week, from a revised 806,000 the prior week.
Market News Commentary - From The Desk of David Loesch 12.23.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on December 23rd, 2020- On many occasions, the FED has indicated that rates will not move for the next several years and unanimously approved to keep the FED Funds rates at 0.00 to .25%, where it has been since March. We remain buyers of High-Grade paper, while also starting to put money <3 years around a .5-.60% YTW tax exempt.
Market News Commentary - From The Desk of David Loesch 12.17.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on December 17th, 2020Market News Commentary - From The Desk of David Loesch 12.10.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on December 10th, 2020- Large transportation systems in the US are struggling to retain cash flow. Many are pleading with Congress for FED funds to avoid deep service cuts and layoffs while warning that an economic comeback depends on mass transit. MTA's, and the like, will most likely receive help (MTA has already tapped the liquid facility) as we move through the 1st Q of 2021; the Biden/Yelle
Market News Commentary - From The Desk of David Loesch 12.03.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on December 3rd, 2020Market News Commentary - From The Desk of David Loesch 11.19.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on November 19th, 2020- CA will see a $26B windfall to help balance next year's budget; this is an unexpected cushion against the pandemic led recession and a stark contrast to the doom predicted earlier this year, when the world’s 5th largest economy ground to a halt. CA indicated that this "windfall is a one-time" occurrence and will undoubtedly help the budget as they mov
Market News Commentary - From The Desk of David Loesch 11.12.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on November 12th, 2020- CA voters rejected a measure that would have made the most significant change to their signature tax limitation law; this is a setback to proponents hoping to raise more money for local governments and schools. Prop 15 was failing 52% to 48%. This proposition would have allowed property taxes on most commercial buildings worth more than 3MM to increase by allowing the levy to