American Rescue Plan strengthens state and local finances
The American Rescue Plan Act provides billions in federal stimulus to states and local governments.
Author: Paul M. Drury, CFA, Portfolio Manager, and Garrett L. Hamilton, CFA, Portfolio Manager
Massachusetts budget taps rainy day fund, federal aid
The Governor of Massachusetts introduced a budget proposal that includes a withdrawal from the state’s rainy day fund and federal aid to balance the budget.
Munis in demand with new taxes possible
Demand for municipal bonds continues to be robust in 2021.
New York confident about recovery
New York leaders are confident about the state’s economic recovery.
California budget outlook brightens
With revenues coming in higher than projected, the outlook for the California budget is positive in the near term.
Record-setting muni issuance pauses post-election
Muni issuance pauses post-election, but reinvestment demand typically increases near year-end.
Munis outpace Treasuries, taxable bonds
The recovery in the municipal bond market continued in the third quarter as munis outpaced U.S. Treasuries and the broader taxable bond market.
Investors returning to municipal bond funds
Municipal bond funds rebounded in the second quarter as investors returned to asset classes they abandoned early in the pandemic.
Tax-free muni strategies in a low-rate world
Tax-free muni strategies may provide a competitive yield, and preserve capital, whether economic growth accelerates or remains slow.