Municipal Bond News
Market News Commentary - From The Desk of David Loesch 08.08.2019
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on August 8th, 2019- Traders of Fed Fund futures boosted the amount of easing they expect from the U.S. central bank this year, particularly after Trump abruptly escalated the trade war with China last week. We've indicated for the past several months that the trade war will drive the markets, and this is very true. We just went through a good earnings season.
Market News Commentary - From The Desk of David Loesch 08.01.2019
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on August 1st, 2019- Texas A&M sold 430MM in taxable municipals last week while targeting potential buyers in Japan, Taiwan, and Singapore. The overall thought process was that Taxable MUNI's are the perfect investment vehicle for overseas investors. The deal was done in a matter of hours and was 3x oversubscribed.
- CBE’s (Chicago board of education) will sell 432M of
Market News Commentary - From The Desk of David Loesch 07.25.2019
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 25th, 2019- You know when the MUNI market is hot when you have a deal that defaulted 7 years ago and wiped out 98% of the investors’ money and returning to market next week. This would be the Las Vegas Monorail, a deal that was done, went into BK, took 98% of the money and did not return it due to restructuring and now coming back to the market with a 19.7MM deal which will be unrated.
Market News Commentary - From The Desk of David Loesch 07.18.2019
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 18th, 2019Market News Commentary - From The Desk of David Loesch 07.10.2019
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 10th, 2019Market News Commentary - From The Desk of David Loesch 07.02.2019
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 2nd, 2019- Economists now expect the Federal Reserve to cut interest rates multiple times this year -- coming around to the view held by investors, though they haven’t gotten all the way there yet.
- The current U.S. economic expansion on Monday became the longest in records dating back to the Franklin Pierce administration.
Market News Commentary - From The Desk of David Loesch 07.02.2019
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on July 2nd, 2019- Economists now expect the Federal Reserve to cut interest rates multiple times this year -- coming around to the view held by investors, though they haven’t gotten all the way there yet.
- The current U.S. economic expansion on Monday became the longest in records dating back to the Franklin Pierce administration.
Market News Commentary - From The Desk of David Loesch 06.27.2019
Submitted by Tax Free Municipal Bonds/Fixed Income Specialists/DRL Group on June 27th, 2019- Sales of previously owned U.S. homes rebounded in May to a three-month high as all regions gained amid lower interest rates and a labor market that remains strong.
- The Los Angeles Unified School District’s bond ratings were cut by Moody’s Investors Service, which cited budget challenges that were worsened by voters rejecting a parcel tax.