About the Author

Karleen Strayer

Vice President and Head of Municipal Research

Karleen is responsible for managing the research team within the Municipal Fixed Income Group at Wilmington Trust Investment Advisors, Inc., the investment advisory arm of M&T Bank and Wilmington Trust. In this role, Karleen heads the team charged with analyzing tax-exempt issuers, determining the suitability of their bonds for our client portfolios. Karleen and her team also provide analysis of broader municipal market and sector trends.

Prior to joining Wilmington Trust, she was a managing director at National Public Finance Guarantee Corporation, a financial guarantor subsidiary of MBIA, Inc. During her 19 years at MBIA, Karleen managed teams in the areas of new business, insured portfolio management, and remediation, primarily focusing on the not-for-profit health care sector. She began her career as a commercial banker in the not-for-profit health care group within the First National Bank of Chicago.

Karleen holds an MBA from the University of Michigan Ross School of Business and a bachelor’s degree in economics from Nebraska Wesleyan University. She is a CFA® charterholder and member of the CFA Institute and the CFA Society Philadelphia. Karleen is also a member of the Municipal Analysts Group of New York, the National Federation of Municipal Analysts, and the Philadelphia Area Municipal Analysts Society. She serves as a board member and is immediate past board chair of The Music School of Delaware.


By the Author

Municipal Fixed Income Quarterly Market Commentary 4Q 2019

Karleen Strayer |
Investment Management
Muni-Bridge-NC.jpg

In the 4Q 2019 issue of our quarterly publication, we:Provide an overview of performance in the 4Q 2019 municipal market.Explain why demand is outpacing supply, municipal yield curves are flattening, and credit spreads are tightening.Explore why muni issuers are flocking to the taxable market.Supply is in demand Municipal fixed income returns for 2019 were strong in the fourth quarter and among the best of the decade for the full year.

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Municipal Fixed Income Quarterly Market Commentary 3Q 2019

Karleen Strayer |
Investment Management
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In the 3Q 2019 issue of our quarterly publication, we discuss the latest developments in the municipal market.Municipal issuance picked up in the third quarter following muted supply the first half of the year; robust demand continued to outpace supply despite the increased issuance.Municipal issuers are increasingly turning to the taxable debt market to refund tax-exempt debt, a result of the Tax Cuts and Jobs Act of 2017.

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Municipal Fixed Income Quarterly Market Commentary 1Q 2019

Karleen Strayer |
Investment Management
Muni-Bridge-NC.jpg

In the 1Q 2019 issue of our quarterly publication, we: Explore the state and local tax implications from the new tax reform legislation, from a market supply and demand perspective.Analyze the potential effects of the new tax law from a credit perspective.Provide data on the municipal market’s performance in the first quarter of the year.Strong technicals fueled first-quarter market performance as uplift from robust demand and moderate supply led to positive returns.

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