by DRL Group | Jul 3, 2025 | Market Insights
As we have mentioned in previous notes, we do not expect a rate cut this month by the FED. Beyond eliminating bets or a FED cut this month, traders are also wavering on the prospect of a reduction in September. In the weeks leading up to the payroll data, which was...
by DRL Group | Jun 27, 2025 | Market Insights
As we have reported, MUNI sales are up ~21% this year compared to last year’s volume. State and local governments have sold $153 billion in new debt in the second quarter, already the largest ever, with just four trading days remaining in the period. The...
by DRL Group | Jun 20, 2025 | Market Insights
Federal Reserve officials left interest rates unchanged on 6/18/25 and continued to pencil in two rate cuts for 2025, citing high uncertainty over the economic outlook that has since diminished. Speaking to reporters following the decision, Chair Jerome Powell...
by DRL Group | Jun 12, 2025 | Market Insights
As we reported on June 10, Blackrock indicated that it is time to buy MUNI bonds, as supply is ample and prices are favorable ahead of the summer. We have seen several challenges in the market, including higher rates, tariff concerns, deficit worries, and a hawkish...
by DRL Group | Jun 5, 2025 | Market Insights
The Governor of Illinois reported plans to sign a $55.1 billion budget for 2026, which generates revenue from higher taxes on smokers, gamblers, and large multi-state businesses while pulling delinquent taxes into state coffers through a six-week amnesty program. This...
by DRL Group | May 30, 2025 | Market Insights
The NYC congestion toll pricing raised $215.7 million in the program’s first four months. Since January 5, most motorists have to pay $9 during peak hours to enter south of 60th Street in Manhattan. These collections are close to the budget estimates of $217...
