Jeffrey Cleveland

Principal and chief economist

Jeffrey Cleveland is a principal and chief economist at Payden & Rygel.

Federal Reserve

Don't fight the Fed

Investors are probably in for disappointment if they continue to fight the Fed.

By Jeffrey Cleveland

August 24

TRENDING

Primary bond market

Munis firmer, $1.8B Illinois GOs accelerated

April's "poor performance" pushed munis further into negative territory, but "despite the poor start to the year, they may still end the year positive," said Cooper Howard, a fixed-income strategist at Charles Schwab.

By Jessica Lerner

2h ago
Bond ratings

Ratings upgrades still outpace downgrades as rated universe of munis grows

The driving force behind the trend is the overall strength of the economy, according to Fitch Ratings' Michael Rinaldi. Revenue sources for municipalities, such as sales and property taxes, are doing very well.

By Christina Baker

2h ago
Puerto Rico

PREPA bondholders seek documents to support lift of stay

Syncora and GoldenTree Asset Management want an accounting of what happened to PREPA net revenues.

By Robert Slavin

3h ago