Market Insights
Our latest insights on bond market activity
Rate Cuts, Weak Labor Data, and the Search for the Next Fed Chair
• We have continued to report on fund flows – investors added 253MM to MUNI funds in the week ended 12/3/25, the previous week saw 217MM inflow, according to the Investment Company Institute.
Shifts in Federal Education Oversight and Mixed Fed Signals Shape Year-End MUNI Tone
We have been discussing higher education as well as health care for quite a while. The Trump administration said it will transfer some of the Education Department’s most extensive grant programs and major portions of several offices to other federal agencies, part of a broader plan to reduce the department’s authority significantly.
Negotiated vs. Competitive New Bond Issues – Does It Matter to the Investor?
When investors buy municipal bonds, they give very little attention to how the issue comes to market. The question here is, does it really matter?
Read our latest musings about actions and events affecting the investment landscape.
MUNI Market Strength Holds Despite Shutdown; Credit Selectivity Remains Key
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...
Record Muni Sales Positive & Negative
The municipal bond market is on track for a record year of issuance which could surpass $500 billion by year-end.
Why Do Business with Us? 3 Reasons
The DRL Group has a unique cluster of advantages which can benefit you and address your needs. We have the tools to help you, and the expertise both to use those tools with precision and to walk you clearly through every step with personalized care.
Should I Buy Munis Now?
Especially after the Fed’s recent rate cut, it’s important to consider your long-term objectives, tax advantages, and safety when making decisions about muni bond purchases.
We Appreciate that You’re an Engaged Muni Investor
The DRL Group is committed to simplifying the bond purchasing process in a complex market, with efficient trade execution and proprietary technology. With over thirty years of experience, we aim to enhance your team and offer a wide variety of bonds and tailored solutions.
Fed Caution, Labor Focus, and MUNI Momentum Ahead of October Meeting
Fed Reserve Bank of SF President Mary Daly indicated further rate cuts are likely needed, but the US central bank should approach those cuts with caution.
Fed Cuts 25bps; Traders Now Betting on 50bps More as Labor Weakens and Inflation Holds
• Chicago is lending cash to its underfunded pensions so they have enough money to avoid asset sales to cover retirement checks as they wait for property taxes to come in after a computer issue delayed collections.
Connecticut Upgraded, CPI Cools, and Markets Bet on 3 Fed Cuts
• Connecticut is collecting a duo of fiscal wins this week with two upgrades from both Moody’s and Fitch. Both of the credit rating agencies cited improvements in the state’s budget management practices.
Jobs Data, Fed Division, and MUNI Momentum: September Market Drivers to Watch
• As mentioned in a previous note, we have several economic data points being released BEFORE the FED meeting this month. One of which is the Non-Farm Payrolls, Bloomberg is expecting a larger gain in August’s numbers than in July.