Europe faces debt restructuring challenges

Europe faces debt restructuring challenges

There are two main issues at stake in the European debt markets. The first is a short-term liquidity issue: Will these economically troubled European nations have the capital to make the next interest payments on their debts? The answer, for the time being, appears to be yes: Greece, after receiving massive funding infusions, has been

Long-term interest rates may see movement

Long-term interest rates may see movement

Around the world central bank interest-rate policies have diverged to address different challenges, including the eurozone debt crisis, but efforts in the United States, Europe, and Japan to hold short-term rates low could cause movement in long-term interest rates.

Value to be found in municipal bonds

Value to be found in municipal bonds

We believe municipal bond investments are potentially quite attractive: Defaults have remained low, contrary to overblown predictions in the media; spreads are attractive on a historical basis; and muni/Treasury ratios are still above historical averages. Defaults in the municipal bond market are generally misunderstood. While defaults do happen, they occur with far less frequency than