Market Commentaries

“We have met the enemy and he is us!”

November 2008

President_Letter_1108


“Market Fundamentals are Different Today”

June 2008

Presidents-Letter-June-2008


“The Bond Insurance Debacle – “A Fine Mess”

February 2008

Read Article


“It was the Best of Times, It was the Worst of Times…” Bond Market Commentary

October 2007

Pres-Letter-Oct-2007_0


“The Bond Market… Can Intimidate Everyone.” Municipal Market Update

August 2007

Pres-Letter-Aug-2007


Municipal Market Update

July 2007

Pres-Letter-July-2007


Municipal Market Update

March 2007

Pres-Letter-03-14-2007


Should I buy a 6-month T-Bill to earn 4.53%…

January 2006

ShouldIbuya6-monthT-Bill


2005 Year in Review

January 2006

2005_Year_in_Review


Waiting for Higher Rates?

September 2005

waiting_for_higher_rates


“People cannot stand too much reality”

April 2005

Presidents_Letter_04-26-2005


2004 U.S. Bond Market Recap

January 2005

2004_US_Bond_Market_Recap


2005/2006 Interest Rate Outlook

December 2004

2005-2006-Interest-Rate-Outlook


“Where have you gone Joe DiMaggio?”

September 2004

Presidents_Letter_Summer2004


Municipal Bond Pricing and Liquidity

April 2004

PricingLiquidity