Market Insights
Our latest insights on bond market activity
From the Desk of David Loesch – May 7, 2026
According to data from Bloomberg, investors poured $22.3 billion into municipal bond funds in the first four months of 2026 — the fastest pace of inflows since 2021.
Municipal Bonds, Fed Policy & What It Means for Your Portfolio
This week brought a confluence of developments that, taken together, strengthen the case for tax-exempt municipal bonds.
From the Desk of David Loesch – April 9, 2026
Markets remain steady but highly reactive, with interest rates holding firm while geopolitical developments — particularly in Iran — continue to drive short-term direction.
Read our latest musings about actions and events affecting the investment landscape.
Payroll Gains and Inflation Outlook Shift Fed Policy Expectations
Hammack (FED of Cleveland) indicated rates could be on “hold” while officials evaluate incoming economic data.
Investors Pour into MUNIs as Rates Peak and Credit Risks Rise
We reported that certain reports will be delayed due to the government shutdown. The January employment report has been rescheduled for 2/11 according to the data put out by Labor Stats.
MUNI Market Update: Fed Holds Steady as Markets Await New Chair Nomination
We pushed out a piece discussing MUNIs and how money managers believe longer-dated MUNIs offer value here, despite the slight increase in pricing (which we are not seeing).
Rising Fed Tensions Add Volatility Across Markets
The feud between President Trump and Powell continued yesterday in Davos. Trump indicated Powell would not “enjoy” his tenure if he stayed on the FED Board after his term as chair expires. We all know Trump wants to replace Powell and is pressing for lower rates. We...
Repricing the Fed: Rate Cuts Deferred, MUNI Demand Holds
Fund flows: Investors added $1.25 billion from municipal bond mutual funds in the week ended Jan. 7, 2026, according to the Investment Company Institute.
MUNI Market Update: Record Supply, Stable Yields, and Rate-Cut Debate
American public schools went on a borrowing binge in 2025, marking the sector’s biggest year for municipal debt sales in over a decade as dipping enrollment and elevated inflation strain districts’ budgets.
MUNI Market Update: Inflows, Inflation Progress, and Rate-Cut Outlook
Investors continue to add funds to MUNI bond funds; last week, 260MM was added from retail investors. The prior week saw a 262MM inflow, indicating that retail investors have been seeking tax-exempt paper over the past few months. The overall calendar continues to...
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.
US Credit Rating Downgrade
Duration: 02:31
Transcript: As we know, Moody’s downgraded the treasury markets this week. What does that really mean for you?