by DRL Group | Nov 7, 2025 | Market Insights
Many are indicating the MUNI bond market will be set for a record supply next year. I have seen as much as 600B predicted in 2026, which is up 4% YOY. Refunding volume and taxable issuance are expected to remain flat at approximately $112 billion and $36 billion,...
by DRL Group | Oct 30, 2025 | Market Insights
Zohran Mamdani’s lead in the New York City mayor’s race over former Governor Andrew Cuomo has narrowed less than a week before Election Day, according to a Quinnipiac University poll. The poll released Wednesday shows Mamdani, the Democratic nominee,...
by DRL Group | Oct 23, 2025 | Market Insights
A larger tax on Harvard’s $57B endowment will hurt the school’s ability to address the very problems the US government wants it to focus on. This will be damaging to the school and the student population, according to President Alan Garber. “The tax...
by DRL Group | Oct 17, 2025 | Market Insights
NY Mayoral front runner Zohran Mamdani’s pledge to fund free childcare and bus rides by taxing the rich faces steep odds in Albany NY. But tax hikes may be coming for New Yorkers anyway, regardless of who wins. Several lawmakers say higher taxes are inevitable as the...
by DRL Group | Oct 10, 2025 | Market Insights
As we have discussed, MUNIs for September finished strong. Many are calling for the balance of the year to remain firm because most of the record surge in supply is beginning to dry up. We have reported all year about the glut of supply hurting pricing while moving...
by DRL Group | Oct 3, 2025 | Market Insights
We have been discussing Charter Schools for quite some time regarding the credit quality of the underlying. Bondholders who own MUNI debt sold for a TX charter school did not receive their October coupon payment after the school closed its doors. Reve Preparatory...
