In the second quarter issue of our commentary we feature: Intimations of municipal splendor by Stephen Winterstein. Municipal market performance in perspective? by Robert Collins. A look at Connecticut, Illinois, and Puerto Rico by three of our research analysts. For municipal bond market participants, “splendor in the grass” harkens back to the sweet pre-election promise known
A round-up of the important issues around an impending Trump presidency: Republican Congress and White House may be good for growth; Impact on the Fed and rate hikes; Greater fiscal party emphasis with infrastructure spend; Uncertain future of Obamacare and his executive orders; Income and corporate tax reform; and Immigration issue subject to intra-party tensions.