
CARING FOR CLIENT PORTFOLIOS,
OUR DEDICATION TO MARKET RESEARCH UNDERSCORES OUR MISSION TO PROVIDE OUR CLIENTS WITH THE MOST INFORMED AND STRATEGIC INVESTMENT SOLUTIONS IN THE MUNICIPAL BOND MARKET. THROUGH RIGOROUS RESEARCH, DATA ANALYSIS, AND A TEAM OF EXPERTS WITH DEEP INDUSTRY KNOWLEDGE, WE CONTINUOUSLY STRIVE TO DELIVER THE HIGHEST LEVEL OF SERVICE AND EXPERTISE. OUR STEADFAST FOCUS ON MARKET RESEARCH AND MUNICIPAL BONDS POSITIONS US AT THE FOREFRONT OF THE INDUSTRY, ENSURING THAT OUR CLIENTS BENEFIT FROM UNPARALLELED INSIGHTS AND OPPORTUNITIES FOR SUCCESS.
BOND BY BOND
PORTFOLIOS,
CARING FOR CLIENT
CARING FOR CLIENT PORTFOLIOS

MARKET COMMENTARY
The quarter began with a continued steepening of the municipal curve, as short-term yields decreased while intermediate and long-term yields moved higher over july. additionally, after lagging treasuries in the first half of the year, municipals outperformed at the start of the quarter.
QUARTERLY MARKET UPDATE
Q3 2025

COMPANY NEWS
As Asset Preservation Advisors celebrates 35 years of bespoke municipal bond portfolio management, its new office at 400 Madison Avenue, Midtown Manhattan, enhances the firm's ability to serve ultra-high-net-worth clients in a premier global financial center.
APA EXPANDS TO NEW YORK

PUBLICATIONS
WALL STREET SOURS ON AMERICA’S DOWNTOWNS
THE WALL STREET JOURNAL
The pessimism from investors who bet on office buildings and mass transit can be seen in market signals that are flashing red.
PERSPECTIVES
THE OBBBA AND BEYOND: ASSESSING FEDERAL POLICY SHIFTS AND THEIR IMPACT ON THE MUNICIPAL MARKET
While the municipal bond market avoided one of the biggest threats, an elimination of tax-free financing, there are, and will be, many ripple effects stemming from the One Big Beautiful Bill Act (OBBBA), and we will be closely monitoring and managing our clients’ portfolios to continuously adapt.
