Latest News COMBINED
Our latest insights on bond market activity and events affecting the investment landscape.
From the Desk of David Loesch – September 24, 2026
Municipal bonds traded down in price this week, pushing yields on benchmark securities to their highest levels since at least 2011.
Eye-Opening Multi-Year Highs on Treasury Bond Yields Across the Curve
The market seems to be signaling to the Fed that curbing inflationary pressures on consumers will not be a quick fix.
From the Desk of David Loesch – September 17, 2026
The Federal Reserve raised its target rate a quarter point to a range of 3.75% to 4% this week, its first hike since 2023.
The Committee is Unanimous!
The long-anticipated decision from the Federal Open Market Committee today was to raise the Fed Funds Rate by a quarter point, the first hike in three years, as the Fed moves to combat rising inflation risks. The Committee voted unanimously to lift rates to a new...
From the Desk of David Loesch – September 10, 2026
Heading into the September 16 FOMC decision, swaps and futures markets imply roughly 60% odds that the Fed lifts its target range to 3.75%–4%.
Caught Between Two Pressures
Heading into the September 16 FOMC decision, swaps and futures markets imply roughly 60% odds that the Fed lifts its target range to 3.75%–4%.That puts the market and the White House on opposite sides of the same question.
From the Desk of David Loesch – September 3, 2026
The municipal market has been caught up in a broader global bond selloff over the past few weeks, driven by rising oil prices and inflation concerns. Treasury yields moved higher alongside munis, and the move was not confined to the U.S.
10-Year Treasury Tops 4.80%
The 10-year Treasury topped 4.81% this week as the bond market continues to signal concern over inflation and rising oil prices and our rising deficit.
Why Tax-Equivalent Yield Matters When Comparing Municipal Bonds
If you’re weighing municipal bonds against other fixed-income options, the coupon rate alone doesn’t tell the full story.
From the Desk of David Loesch – August 27, 2026
Munis’ federal tax exemption is doing double duty this month, keeping borrowing costs manageable for issuers while handing investors some of the highest tax-adjusted yields in years.
From the Desk of David Loesch – August 20, 2026
On Wednesday, the Treasury Department said it would at least double the size of its liquidity support buyback operations for securities in the 10-year to 30-year sector, Secretary Scott Bessent’s latest attempt to rein in long-term borrowing costs from multi-year highs.
Here Today, Gone Tomorrow
Just two weeks after unveiling its buyback schedule for the quarter, the Treasury Department announced Wednesday that it’s doubling — at minimum — the size of its liquidity support buyback operations for securities in the 10-year to 30-year range.
From the Desk of David Loesch – August 13, 2026
This week’s data leans one direction: cooling. Core CPI matched the slowest annual pace since March 2021 at 2.5%, and nonfarm payrolls fell by 23,000, with a net 103,000 jobs cut from May and June estimates.
Cash on the Sidelines: A Closer Look at the $7.9 Trillion Question
According to the Investment Company Institute, money market fund assets totaled $7.91 trillion for the week ending August 5, 2026 — roughly $3.1 trillion of that held in retail accounts, with the remainder in institutional and prime funds.
From the Desk of David Loesch — August 6, 2026
NYC dodges a downgrade. Here’s what that means for your muni portfolio.


