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APRIL 11, 2025
APRIL MUNI MARKET UPDATE: TARIFF INDUCED VOLATILITY
As markets responded to President Trump’s April 2nd executive order on tariffs, municipals were not immune to the resulting volatility. Initially, tax-exempt yields followed Treasuries lower in a flight-to-quality bid following the Liberation Day announcement.
BY APA
APRIL MUNI MARKET UPDATE: TARIFF INDUCED VOLATILITY
As markets responded to President Trump’s April 2nd executive order on tariffs, municipals were not immune to the resulting volatility....
6 days ago
MARKET UPDATE: CALIFORNIA WILDFIRES
Highlights We believe strong credit metrics from the State and Los Angeles County coming into this event will help them weather the...
Jan 22
ASSESSING THE POTENTIAL IMPACT OF U.S. DEPARTMENT OF EDUCATION ELIMINATION ON SCHOOL DISTRICT AND HIGHER EDUCATION MUNICIPAL BONDS
As part of a broader agenda to improve government efficiency and return control of educational policies to the states, President-Elect...
Dec 4, 2024
KEY TO RESILIENCE
On March 26th, a fully laden container vessel departing from the bustling port of Baltimore collided with the Francis Scott Key Bridge, a...
Apr 9, 2024
THE GOLDEN STATE THEME PARK
It is no secret that California has ridden the rollercoaster of revenue volatility for many years. The ups and downs of which are largely...
Sep 11, 2023
STATE SPOTLIGHT - GEORGIA ON MY MIND
Georgia has once again secured its AAA rating from all three external rating agencies as of June 2023. According to the Georgia...
Jul 10, 2023
TAKEAWAY TUESDAY: MAY 23, 2023
After bouncing along at relatively unchanged levels for the first 15 days of May, tax-free municipal rates have been following the...
May 23, 2023
VIDEO POSTING: Q1 2023 MUNI MARKET UPDATE
SOURCES USED: TM3, Bloomberg, US Treasury. Disclosures: This material is for informational purposes only, and should not be considered...
Apr 21, 2023
TAKEAWAY TUESDAY: TREASURY WHIPSAW
The consistent bond volatility we saw take place in 2022 was unprecedented for a 12-month period. The recent week(s) has made last year...
Mar 21, 2023
INSIGHTS FROM APA: HOW WELL IS YOUR STATE PREPARED FOR THE RECESSION?
As the Federal Reserve raises rates in an effort to reduce inflation, and as the possibility of a recession looms, APA wants to share...
Jan 17, 2023
SHORT-TERM MUNIS VS. THE 2-YEAR UST
2022 has been a historic year for fixed income markets, given the magnitude and speed at which yields have moved higher from near zero....
Sep 28, 2022
RIDE THE WAVES
To say that the first half of the year was painful for investors would be a considerable understatement, with very few hiding places to...
Jul 20, 2022
YIELD COMPARISON REPORT - AS OF 5/19/22
Municipals have dislocated from taxable fixed income sectors as sustained mutual fund selling continues to pressure the tax-exempt...
May 19, 2022
WORST 1ST QUARTER ON RECORD RESULTS IN A BUYING OPPORTUNITY FOR INDIVIDUALS
The adjustment in the muni market and the move higher in yields have been abrupt. The bad news: Q1 2022 was the worst-performing first...
Apr 5, 2022
THE INCOME IN FIXED INCOME IS BACK
Just a few headlines from the ever-growing list this week: Global Bond Index Loses $2.6 Trillion in Record Slide from Peak Treasuries...
Mar 25, 2022
DO YOU HAVE A COUPON FOR THAT?
In the current market landscape, one thing that is hard to argue is the very clear shift by global central banks toward a more hawkish...
Feb 8, 2022
FUND OUTFLOWS OVER THE PAST 8 DAYS HAVE LIFTED MUNI YIELDS
Current Market Since the start of the year, Treasury and muni yields have seen an increase in yield. The ten-year Treasury has increased...
Jan 31, 2022
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