Market Commentary

Tom Hession 8/1/22 Tom Hession 8/1/22

Thrill Ride

The municipal bond market has experienced considerable volatility in 2022. Through May, munis endured the worst…

Tom Hession 4/1/22 Tom Hession 4/1/22

While we may continue to experience municipal bond market volatility in the coming weeks and months…

Tom Hession 1/1/22 Tom Hession 1/1/22

Navigating 2021 was challenging for fixed-income investors, but the municipal bond market performed…

Tom Hession 3/1/21 Tom Hession 3/1/21

Despite the upward trend of yields in the US Treasury market since the beginning of 2021, municipal bond yields…

Tom Hession 12/1/20 Tom Hession 12/1/20

When Covid struck back in March, the initial outlook for the municipal bond market appeared dire.

Tom Hession 4/1/20 Tom Hession 4/1/20

The municipal bond market is often perceived as “dull” but March 2020 was an exciting month for the…

Tom Hession 3/1/20 Tom Hession 3/1/20

In the midst of incredibly volatile recent market conditions driven by coronavirus fears, it’s been an optimal time to…

Tom Hession 1/1/20 Tom Hession 1/1/20

To say that 2019 was not the year most expected for the municipal bond market is an understatement, to put it mildly.

Tom Hession 10/1/19 Tom Hession 10/1/19

While the municipal bond market has experienced strong performance in 2019 with the Bloomberg Barclays…

Tom Hession 6/1/19 Tom Hession 6/1/19

The downward trajectory of US Treasury rates this year has certainly provided a boost to municipal bond…

Tom Hession 3/11/19 Tom Hession 3/11/19

Despite robust inflows to municipal bond funds and increased direct retail purchasing over the…

Tom Hession 3/1/19 Tom Hession 3/1/19

The municipal bond market is experiencing its best first quarter performance in five years, returning…