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.
August 30, 2017— It will be weeks before we know the full human and economic costs that Hurricane Harvey has inflicted on southeast Texas. With Hurricane Harvey making its final landfall as we go to press, we are actively monitoring the situation and offer an initial assessment of the potential impact on Wilmington Trust’s centrally managed municipal fixed income accounts.Harvey will go down as one of the most destructive storms in U.S. history and will impact well over the 6.
June 27, 2017—Seasoned investors are well aware that market prices are set at the margin, or alternatively, it is price and not quantity that matters for small flows. Sometimes the small percentage (or “flow”) of transactions occurring is representative of where a much larger “stock” or percentage of the market would trade; and other times, it isn’t.