Municipal Fixed Income Quarterly Review: Third Quarter 2016

Stephen Winterstein |
Investment Management

Roll, roll, roll your note, gently down the curve. In this 3Q16 Muni Commentary, we provide a round-up of yields across the muni spectrum. We also discuss whether investors should consider retaining and rolling short-term notes, rather than exercising the put option, now that short-term rates have spiked. We provide understanding around underfunding pension debacles

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Investment Commentary: The United Kingdom to Depart the European Union

Clement K. Miller |
Investment Management

This special commentary from June 24, 2016, delves into the United Kingdom’s (U.K.) exit from the European Union (EU). We expect two years of contentious separation agreement negotiations. We don’t know whether London will stay Europe’s financial center or if other nations will line up to make their exit. The future of euro-denominated instruments is

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