Muni Think

PFA believes that the overall number of MMA’s self-defined “impairments” and “impairment rate” are lower than suggested by MMA.

It's time to fix municipal market infrastructure.

Is it possible for a wealth tax on municipal principal?

The 5% non-callable-10 structure, which has been the standard for municipal bonds, was tailor-made for advance refunding

An opportunity for the fixed income market to embrace a single benchmark data set to support all future executions.

No matter who wins the presidency next year, the urgency around public infrastructure renewal and replacement will remain.

Government leaders at every level need funding for projects, and when the revenue is not available, voters are asked to approve bonds.

Recent events in Oklahoma's P3 may cause major muni market funds to think twice before purchasing the state's bonds.

Planning for the next recession is extremely difficult. Is there any real way to do so?

If the Fed thinks it can simply print money to relieve the stress, it only proves Fed officials don’t fully understand the issue.