Latest Views and News

April 7, 2018
Economic and Market Review, First Quarter 2018

April 12, 2018
Municipal Commentary, First Quarter 2018

April 13, 2018
Fixed Income Commentary, First Quarter 2018


Featured Perspectives

State Bailouts of Distressed Localities Present Challenges to Municipal Market

In March, the financially distressed City of Hartford, Connecticut inked a deal with the state allowing it to effectively transfer a debt burden of $550 million to state tax payers. If this development establishes a precedent for other distressed local governments across the country, significant challenges may arise for municipal market participants.

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Tax Cuts and Jobs Act: What Does it Mean for the Municipal Bond Market?

Several key provisions of the Tax Cuts and Jobs Act, which became law in December 2017, are expected to have a direct impact on the municipal bond market. The Municipal Fixed Income team discusses the law’s possible effects on valuations, credit quality, and investor behavior.

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France And Macron: A New Leader For Europe

In early 2017, global investors were rightly concerned about the potential for a populist backlash by voters in France and how it might affect Europe and the rest of the international economy. However, Martin Schulz, J.D., managing director, International Equity, believes that France, for the first time in a generation, now stands at the cusp of leading Europe.

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