Municipal Fixed Income Quarterly Market Commentary 3Q 2018

Investment Management
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In the 3Q 2018 issue of our quarterly publication, we:Provide a round-up of yields across the muni spectrum and an overview of yield curves, performance, and fund flows.Offer our outlook for 4Q, framing it in terms of our core narrative.Explore how—in light of the rising rate environment and the lowering of bond prices—a mitigating factor that may not fully offset lower market values provides support from the income generation perspective.

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Municipal Fixed Income Quarterly Market Commentary 2Q 2018

Investment Management
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In the 2Q 2018 issue of our quarterly publication, we:Provide a round-up of yields across the muni spectrum, noting that 2Q offset 1Q and brings 2018 municipal bond markets back to even… for now.Offer our outlook for 3Q, framing it in terms of our core narrative.Explore the pros and cons of investing in New Jersey’s state and local tax-exempt bonds.U.S.

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Municipal Fixed Income Quarterly Market Commentary 1Q 2018

Investment Management
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In the 1Q 2018 issue of our quarterly publication, we:Explore how variable rate demand notes (VRDNs)—a type of municipal bond—may have the potential to perk up a bland fixed income diet and are an important part of a well-balanced portfolio.Look back on municipal bond market performance and supply/demand in 1Q.Provide a round-up of yields across the muni spectrum, and an outlook for 2Q, framing it in terms of our broader core narrative.

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