Municipal Bond News

• The Chicago Teacher's Union voted to authorize a strike; this moves the nation's 3rd largest school district closer to a work stoppage.  94% or 2500 teachers voted to strike.  
• PR will be emerging from bankruptcy soon; the final restructuring plan has been proposed; I suspect there won't be much pushback.  This exit will help all insurance compan

• Many broker/dealers believe that there will be a recession in 2020, now some have pushed that back to 3^rd Q 2020.  Retail has become conditioned to the news.

• Over the past five years separately managed accounts have gained favor with MUNI investors as compared to a basket of accounts that are managed such as Breckinridge.  Separately managed accounts give the investor the control to seize the moment of buys and sells based on the objective of that specific account compared to the fund itself.  This will continue to grow in popularit

Municipal-Bond Sell-Off Is Blip That Won't Stop Cash Flood

2019-09-16 17:28:41.642 GMT

By Danielle Moran

(Bloomberg) -- The sell-off in municipal bonds is not big

• Ohio Valley University, a private Christian college in West Virginia, didn’t make certain bond payments due this month, according to a regulatory filing on Sept.

Some Treasury Strategists Tactically Bearish: Research Roundup

2019-09-09 14:49:43.464 GMT
By Elizabeth Stanton

• As indicated, MUNI bond sales will surge in September and will exceed the amount that investors will receive from maturing debt and interest payments by 1.7B.
• Chicago will have a budget deficit of well over 700MM. The city continues to track to financial stability. A wave of cash continues to hit retail along with refinancing, bonds calls, and private equity being cashed out.

• A wave of cash continues to hit retail resulting from; refinancing, bond calls, and private equity cashed out. The amount of money on the books is substantial for all Broker/Dealers.
• Three FED reserve policymakers voiced their resistance to the notion that the U.S.

Muni Niche Sees Best Gain Since 2015 on Global Hunt for Yields
2019-08-23 17:29:59.0 GMT
By Danielle Moran

(Bloomberg) -- Investors fleeing negative yields overseas are helping push taxable municipal bonds to the biggest monthly gain in almost five years.