Municipal Market Investment Advisors

"We're in the stay rich business, not the get rich business."
-
Craig W. Henderson

Monday, September 25, 2017

Newsletter Archives

 

2017 Newsletters

1st Quarter - Federal Funds Rate Moving Up

Federal Funds Rate Moving Up

2016 Newsletters

* 4th Quarter - Federal Reserve Starting to Move
* 3rd Quarter - Increased Risk at Low Interest Rate Levels 

* 2nd Quarter - Flight to Quality
* 1st Quarter - Altered Money Market Fund Operating Rules

2015 Newsletters

*
4th Quarter - S hort Rates Tick Higher
*
3rd Quarter - Fed Delays Again
* 2nd Quarter - Still Waiting for the Fed
* 1st Quarter - Waiting for the Fed

2014 Newsletters

* 4th Quarter - Investing in a Low Rate Environment
* 3rd Quarter - Municipals Go Green
* 2nd Quarter - Volatility Risk
* 1st Quarter - Puerto Rico's $3.5 Billion Sale

2013 Newsletters

4th Quarter - Detroit Bankruptcy Clouds Outlook for Public Pensions
* 3rd Quarter - Municipal Credit Streams Intensify
* 2nd Quarter - Eyes on the Fed
* 1st Quarter - Stockton, CA Bankruptcy Update

2012 Newsletters

4th Quarter - Impact of Rising Rates on Portfolio Performance
* 3rd Quarter - Willingness to Pay / Ability to Pay
* 2nd Quarter  - Stockton, California Bankruptcy
* 1st Quarter - Principal Protection in a Rising Rate Environment

2011 Newsletters

4th Quarter - Investing in a Low Rate Environment
* 3rd Quarter - How Low Can Rates Go?
* 2nd Quarter - Lure of a Steep Yield Curve
* 1st Quarter - Latest Threat to Tax Exemption

2010 Newsletters

* 4th Quarter - Response to Meredith Whitney
* 3rd Quarter - Public Pension Fund Challenges 
* 2nd Quarter  - Will Build America Bond Issuance Decline After 2010?
* 1st Quarter - Municipal Governments Paring Labor Expenses

2009 Newsletters

4th Quarter - Build America Bonds – Here to Stay?
* 3rd Quarter - Municipal Market Meets Resistance
* 2nd Quarter - Build America Bonds – Larger Market Presence Than Anticipated
* 1st Quarter - Impact of Fiscal Stimulus on Muni Mkt

2008 Newsletters

* 4th Quarter - Muni Budgetary Stress – How Bad Is It?
* 3rd Quarter - Historically Cheap Levels Relative to Treasuries
* 2nd Quarter - Global Credit Ratings
* 1st Quarter - Unprecedented Municipal Market Stress Creates Unique Opportunities

2007 Newsletters

* 4th Quarter - Municipals - Attractice Relative Value
* 3rd Quarter - Barbell Portfolio Structures
* 2nd Quarter - Supreme Court to Hear Kentucky Case
* 1st Quarter - Hedge Fund Activity in the Municipal Market

2006 Newsletters

* 4th Quarter - Kentucky Case Update
* 3rd Quarter - Specialty State Bond Challenge
* 2nd Quarter - Municipal Enterprise Privatization
* 1st Quarter - Alternative Minimum Tax Considerations

2005 Newsletters

* 4th Quarter - Impact of Premium Bonds
* 3rd Quarter - Flattening Yield Curve
* 2nd Quarter - Return Considerations When Using High Coupon Bonds
* 1st Quarter - Call Risk with Refunded Bonds

2004 Newsletters

* 4th Quarter - Is Tax Reform Likely?
* 3rd Quarter - De Minimus Risk With Par Bonds In a Low Rate Environment
* 2nd Quarter - Tax Loss Trading With A 15% Long Term Capital Gains Rate
* 1st Quarter - Lease Revenue Financing - UAL Special Facility Revenue Bonds

2003 Newsletters

* 4th Quarter - Implications of a Steep Municipal Yield Curve
* 3rd Quarter - California Credit Update
* 2nd Quarter - Increased Call Activity In A Low Rate Environment
* 1st Quarter - Tobacco Bond Developments

2002 Newsletters

* 4th Quarter - Municipal Government Budgetary Pressures
* 3rd Quarter - Duration/Volatility Review
* 2nd Quarter - Municipal Portfolios and Terrorism Risk
* 1st Quarter - Relative Attractiveness of the Municipal New Issue & Secondary Mkts

2001 Newsletters

* 4th Quarter- The Value of Active Management in Municipal Portfolios
* 3rd Quarter - The Impact of September 11th
* 2nd Quarter - Power Problems in California
* 1st Quarter - Municipal Market Volatility Analysis

For hardcopy newsletters or to be included on our email distribution list please contact Matt Andrews at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

 

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