Market Insights
Our latest insights on bond market activity
Scary Headlines! Now What?
Duration: 2:53
Transcript: Well, if you are looking at the headlines and getting a little bit worried, you are in good company.
The Market Hates Uncertainty
Duration: 3:48
Transcript: Well, we all know that the market really hates uncertainty. I think everybody does, really, when it comes down to it.
Navigating Uncertainty in Fixed Income Securities
Duration: 4:17
Transcript: If you’re looking to buy higher grade securities with a higher rate of return, then you might consider going out a little further. If you are only seeking to build a ladder, one to five years in this example, we can certainly help you with that.
Read our latest musings about actions and events affecting the investment landscape.
Video: Why Does DRL Not Buy Lower Quality Paper?
Duration: 2:11
Transcript: When you’re working with a team that understands the municipal bond world and that also understands credit ratings, credit quality, claims paying ability, specific insurance companies, what to buy and more probably more importantly, what not to buy.
Video: The Difference Between Revenue-backed and General Obligation Bonds
Duration: 4:48
Transcript: Understand the underlying asset and what’s being, generated payment, what payment is being generated from that underlying asset. So we’ve been we’ve been asked a lot about the difference between revenue bonds and general obligation bonds.
Video: DRL Market Commentary and What Moves Interest Rates
Duration: 2:48
Transcript: With over three decades of doing one thing, we believe we can provide valuable insight on what’s going on in the bond markets. And if you are listening to this and if you’re signed up on our lists, you receive various data points from us. We typically send out something every Thursday.
Investors Seek Stability Amid Policy Uncertainty, FED Holds Steady, MUNI Bonds in Focus
James Pruskowski, CIO at 16rock Asset Management, said fears of stagflation resulting from President Trump's tariff policies and the layoffs of thousands of federal employees are spooking investors. Too much is hitting the investor at once, particularly growth risk...
MUNI Market Insights: Where Do We Go from Here?
One of the questions for the Webinar is: “FED Funds rates are down 100 bps; however, MUNI paper is up ~100 bps since that move - why?” This is a difficult question, as there is no single answer. One would think that with the Fed Funds rates down, borrowing costs...
Fed Rates, Tariffs & MUNI Moves
Today’s 2/20 applications for US unemployment benefits showed little change last week, hovering around pre-COVID levels and indicating solid demand for workers. Initial claims increased by 5000 to 219000 in the week ended 2/15. There is not much change; we all know...
CPI Sparks Inflation Fears and Shifts Rate Cut Expectations – FED Debate Heats Up Amid Market Volatility
CPI is the hot topic on 2/12. The danger is that an elevated inflation reading and the news headlines it produces will add to inflation expectations. As we have mentioned in the past two weeks, inflation has already been ticking up amid all the discussions of tariffs....
Jobs, Yields, and MUNI Issuance: A Look at Key Market Drivers
We saw that Jobless claims picked up today and are still near pre-COVID levels. Applications for US unemployment benefits increased by 11K to 219K, which was reported today, 2/6/2025. Continuing claims rose to 1.89MM in the week ended 1/25/25, and the average of new...
Treasuries Rally as Inflation Slows, MUNIs Yield Higher
Treasuries rallied as inflation slowed and was lower than forecasted. On Wednesday, we saw a surge in US government debt, pushing yields lower by ~10bps across the curve.