Market Commentaries
“One Year Later – What is Different Today?”
December 2009Read Article
“All Roads Lead to Rome… or Should we say Washington”
May 2009Read Article as PDF Omnes viae Romam ducant. Tutte le strade portano a Roma. All roads lead to Rome…or should we say, to Washington? For that will be the exact route for state and local governments to travel to raise capital for local infrastructure pr …
“We have met the enemy and he is us!”
November 2008President_Letter_1108
“Market Fundamentals are Different Today”
June 2008Presidents-Letter-June-2008
“The Bond Insurance Debacle – “A Fine Mess”
February 2008Read Article
“It was the Best of Times, It was the Worst of Times…” Bond Market Commentary
October 2007Pres-Letter-Oct-2007_0
“The Bond Market… Can Intimidate Everyone.” Municipal Market Update
August 2007Pres-Letter-Aug-2007
Municipal Market Update
July 2007Pres-Letter-July-2007
Municipal Market Update
March 2007Pres-Letter-03-14-2007
Should I buy a 6-month T-Bill to earn 4.53%…
January 2006ShouldIbuya6-monthT-Bill
2005 Year in Review
January 20062005_Year_in_Review
Waiting for Higher Rates?
September 2005waiting_for_higher_rates
“People cannot stand too much reality”
April 2005Presidents_Letter_04-26-2005
2004 U.S. Bond Market Recap
January 20052004_US_Bond_Market_Recap
2005/2006 Interest Rate Outlook
December 20042005-2006-Interest-Rate-Outlook