Posts By: Thalia H. Meehan, CFA and Paul M. Drury, CFA

Better state finances support tax-exempt bonds

With revenues on the rise, the fiscal health of many states is improving. In a survey conducted in the fall of 2012, the National Conference of State Legislatures found “solid revenue performance” in most states. This is one of the … Continue reading »

Municipal bond market still has tailwinds

While recent strong results from tax-exempt municipal bonds may prompt concerns about valuations and risks, we believe the sector continues to offer attractive investment characteristics.

A surge in re-fundings adds demand for munis

A rising pace of refinancings by municipalities to take advantage of today’s low interest rates has become another source of demand for municipal bonds, and strengthens the overall condition of the tax-exempt market.