Municipal Bond News
Market News Commentary - From The Desk of David Loesch 08.20.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on August 20th, 2020- The minutes of the July FOMC meeting confirmed that the FED is gearing up to release the policy framework review results while enhancing the traditional tools they have in their "toolbox." The FED also indicated that many market participants would have to wait until the end of this year to have 2021 guidance, the situation is "just too fluid" to make any predict
Market News Commentary - From The Desk of David Loesch 08.13.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on August 13th, 2020- Many in our business believe that government lifelines have merely deferred a likely surge in unemployment, which could bring about labor market scars that will leave a mark on the recovery and pin yields down for the near future. Over the last four days, our yields in all markets have gone up too far too fast. A FED study of 15 pandemics concluded that real rates were substa
Market News Commentary - From The Desk of David Loesch 08.06.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on August 6th, 2020- Franklin Templeton started a fund focused on investing in "green-backed muni bonds." These are bonds that concentrate on climate sustainability and which positivity impact the environment. The fund will spend at least 80% of its net assets in MUNI green bonds from issuers.
- Benchmark State yields as of 8/4 10-year: CA .67. FL .67, IL 2.80, NY .88.
Market News Commentary - From The Desk of David Loesch 08/06/2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on August 6th, 2020- Franklin Templeton started a fund focused on investing in "green-backed muni bonds." These are bonds that concentrate on climate sustainability and which positivity impact the environment. The fund will spend at least 80% of its net assets in MUNI green bonds from issuers.
- Benchmark State yields as of 8/4 10-year: CA .67. FL .67, IL 2.80, NY .88.
Market News Commentary - From The Desk of David Loesch 07.30.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 30th, 2020- It goes to show you how quickly things can change in our business - a day after Republicans released the $1T plan that provided no new aid for governments to combat budget shortfalls, analysts are confident that a portion of the money will go towards states and cities. Republican lawmakers said Monday that this would not happen, however many in the street believe that it will, alon
Market News Commentary - From The Desk of David Loesch 07.23.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 22nd, 2020Market News Commentary - From The Desk of David Loesch 07.16.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 16th, 2020..Market News Commentary - From The Desk of David Loesch 07.09.2020
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 9th, 2020- Rates have fallen so low that America's states and cities are embracing a refinancing boom that seemed to disappear after Trump was elected, and for the first half of this year. Barclays boosted its forecast for taxable municipal bond sales this year to as much as $115B up from $90B. Taxable Muni's have jumped +380% this year as compared to last.