Latest News COMBINED
Our latest insights on bond market activity and events affecting the investment landscape.
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.
Keeping More of What You Earn: Managing Taxation with Municipal Bonds
Every investor is familiar with the quiet frustration of watching a solid return diminish under the weight of taxes and inflation.
Warsh Reminds Investors Where He Stands on Guidance
Federal Reserve Chairman Kevin Warsh used his appearance with CNBC’s Sara Eisen at the ECB Forum on Central Banking to reaffirm his stance against forward guidance.
From the Desk of David Loesch – July 2, 2026
Municipal investors are entering the summer with their most favorable technical backdrop in months.
From the Desk of David Loesch – June 25, 2026
Something that seemed months away has now arrived: a formal ceasefire framework between the United States and Iran, and with it, a meaningful shift in the macro backdrop investors have been navigating since February.
Individual Bond Investing Offers Near Certainty And Predictability
One of the most frequent questions fixed-income investors ask is whether it is better to buy individual bonds or invest in a bond fund.
From the Desk of David Loesch – June 11, 2026
May’s nonfarm payrolls came in at 172,000 — the strongest three-month advance in more than two years — and the unemployment rate held steady at 4.3%.
From the Desk of David Loesch – June 4, 2026
The municipal bond market ended May with something more valuable than a headline return: proof that demand is durable.
Communication: The Most Critical Step In An Advisor-Client Relationship
Successful investing starts with one thing — open, honest communication. Just as a doctor needs to know all your symptoms to properly diagnose and treat you.
From the Desk of David Loesch – May 28, 2026
Investors are buying munis into the spike. Here’s what’s driving it.The SignalSomething unusual is happening in the municipal bond market.Yields have climbed sharply since the Iran conflict began — and yet investors keep buying. Muni funds have attracted more than $38...


