BSMQ

The NYC Comptroller has projected a $2.2 billion budget shortfall for FY2026, growing to a $10.4 billion gap in FY2027. Read more here.

In addition to portfolio diversification, most investors consider bonds for the income that they provide. To understand that, investors can look at the yield.

Ongoing U.S.-Iran tensions continue to drive market volatility, with oil prices fluctuating above $100 per barrel for Brent crude. Read more here.

Invesco's Mark Paris sits down for a timely, in-depth conversation on the municipal bond market - why it matters, how it works, and what investors may be missing right now. Read more here...

AI is driving a 3.5x surge in electricity demand by 2030. That requires compressing a decade of utility capex into just five years. Read more here.

Muni credit conditions appeared resilient, with year‑to‑date defaults down roughly 70% year-over-year. Defaults are expected to remain limited in 2026 and in sectors with unique challenges.

After a strong start to the year, geopolitical and macro uncertainty triggered a March repricing that offset earlier gains. Read more here.

As the second quarter unfolds, inflation continues to make slow progress, economic growth is solid but narrow, and labor markets remain in an uncomfortable balance. Read more here.

Municipal credit quality continues to be resilient. S&P reports that upgrades exceeded downgrades in most sectors in 2025, elevating average municipal ratings. Read more here.

Despite a noisy Q1, high-quality munis continued to pay investors their interest and principal as intended.

Investors shouldn’t overlook bonds as a key part of the tax management arsenal. Read more here.

Municipal bonds faced multiple headwinds during March, including heightened geopolitical uncertainty, increased market volatility, and typical seasonal factors. Read more here.

Our monthly Fixed-Income Monitor consolidates the views of our investment team to help identify opportunities and risks across the asset class.

The municipal bond market is inefficient, fractured, and constantly in flux, and active muni investors are much better equipped to navigate it than are passive ones.

We have seen bond yields rise in both taxable and tax-free bond markets, reflecting mostly the rise in the cost of oil due to shipping stoppages through the Strait of Hormuz.

In late 2025, long-term Treasuries weakened even as the Federal Reserve moved toward easier policy, leaving many income-oriented investors caught off guard.

The Federal Reserve kept rates on hold, reinforcing a patient stance as it assesses the balance between moderating growth and still-elevated inflation. Read more here.

Muni yields rose, following the US Treasury market, as higher oil prices and uncertainty in the Middle East sparked inflation worries. Read more here.

Improving after-tax returns is rarely as simple as boosting pretax returns or reducing tax expenses. Read more here.