Investment strategies

In formal comments filed with the federal government and separately to GASB, municipal finance groups have given the regulators generally high marks.

Municipal fund managers are betting on lower credit quality paper and lower coupon bonds as they take advantage of the swell in supply.

Kazatsky’s role is to cover the municipal market, focusing on strategy and macro themes that will live on the terminal.

The exposure draft, Replacement of Interbank Offered Rates, proposes removal of all inter-bank offered rates as an appropriate benchmark interest rate effective for reporting periods beginning after Dec. 15, 2020.

GASB is taking action because changing the reference rate on the hedge is ordinarily considered a termination event.

Close proximity and presence in small states allows Josh Larson to "kick the tires" when analyzing new and existing credits

After a short-lived retirement, Lyle Fitterer will join Baird Advisors as co-head the municipal investment team at the Milwaukee-based asset manager.

Christophe Dugardyn and Andrew Li of ING discuss opportunities in the green bond marketplace in the United States and look at how ING uses green shading to identify light, medium and dark green investors. Chip Barnett hosts.

Municipal managers and analysts say the new quarter will see less volatility and more opportunity for value and upside potential.

Patrick Luby, senior municipal strategist with Credit Sights, stresses how investors are reallocating funds to the municipal market. The strong level of support is driving coupon experimentation by issuers. He forecasts about $310 billion of issuance this year with a large part being directed by sentiment. John Hallacy hosts.

Unlike any other asset class, baring default, the prices of fixed income instruments will necessarily converge to their par values at maturity.

Eagle Asset Management PM Manager uses barbell approach to find value for clients when short-term munis are expensive relative to Treasurys.

Annie Seelaus, CEO at R. Seelaus & Co., discusses the strategies she advises clients to take, given the recent political and Fed uncertainty, and what her firm is doing to empower women in the financial services industry. Aaron Weitzman hosts.

Improved liquidity, spreads, and flows prompt some first-quarter adjustments.

Analysts say lessons from the events of 2018 can forecast what lies ahead in 2019.

Studies on the returns for active vs. passive securities do not definitively declare a winner. However, J.R. Rieger of the Rieger Report explains that a higher proportion of municipal active managers best their benchmarks. John Hallacy is host.

Strategists adjust their municipal holdings on signs the worst may be over after a difficult 2018.

Federal Reserve data show the effects of a new tax code that makes muni ownership less appealing for banks.