Market Commentary

Tom Hession 10/30/15 Tom Hession 10/30/15

Illinois vs. Other

Last week Illinois was downgraded to Baa1 by Moody’s and BBB+ by Fitch. Not surprising given the…

Tom Hession 7/21/15 Tom Hession 7/21/15

As measured by the broad market Barclays Municipal Bond Index, munis were essentially flat in the…

Tom Hession 2/12/15 Tom Hession 2/12/15

Last year began with a familiar consensus in the financial markets. The prevailing negative sentiment…

Tom Hession 10/29/14 Tom Hession 10/29/14

At the start of 2014 there were few municipal bond market participants expecting much more than…

Alicia Purden 5/23/14 Alicia Purden 5/23/14

So far 2014 has not played out in the bond market the way many prognosticators and experts had…

Tom Hession 2/24/14 Tom Hession 2/24/14

As the municipal bond market marches forward in 2014, it may be helpful to consider the developments…

Tom Hession 7/22/13 Tom Hession 7/22/13

The City of Detroit filed for Chapter 9 bankruptcy last Thursday. Surprise? Not really.

Tom Hession 4/18/13 Tom Hession 4/18/13

Many individual investors favor discount bonds over premium bonds. Presumably they are…

Tom Hession 12/22/12 Tom Hession 12/22/12

While 2012 has been another stellar year for municipal bond market performance, December has…

Tom Hession 12/7/11 Tom Hession 12/7/11

In recent months, some investors have been sitting on large amounts of cash in anticipation of…