Building the Foundation of Portfolios

The one certainty about the fourth quarter, it seems, was uncertainty. The fourth quarter began with volatility at year-long highs, which presented investors and financial markets with a correspondingly bearish outlook... Download File (322 KB, PDF)

In this municipal market update, we will seek to explain why investors should consider municipal bonds as part of their overall portfolio strategy and why demand for municipal debt is likely to remain strong or strengthen in 2012... Download File (202 KB, PDF)

As we conclude 2011, we look to see what the new year has in store. In this update, we’ll take a look at our outlook for the municipal market from a credit perspective; identify positive developments impacting... Download File (207 KB, PDF)

After abnormally low new issue volumes for much of the year, the muni market saw record issuance during the week of November 14, 2011. During the first nine months... Download File (190 KB, PDF)

In the financial markets, the third quarter was one for the history books. Volatility spiked, driven by the sovereign debt crisis in Europe and an unwillingness in Washington to pull together to keep the budget deficit in check. Rates remain... Download File (584 KB, PDF)