Municipal Advisory

Macroeconomic pressures characterized the market during the third quarter of 2022, as investors and issuers continue to grapple with a rising rate environment. Treasury and MMD yields continue to rise from the pandemic-era lows and the Federal Reserve Board has… Read More >

The Bipartisan Infrastructure Deal and expectations for possible tax increases served as a catalyst for a strong month in the municipal bond market. Treasury yields are rising heading into 2022 and the Federal Reserve Board reaffirmed their target rate range… Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of October 31, 2021…. Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of September 30, 2021…. Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of August 31, 2021…. Read More >

This report explores a few key statistics that paint a picture of the Birmingham area economy. Our Birmingham Area Economic Report places the Birmingham area economy in a state, regional and national context. Click here to download the full report… Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of July 31, 2021…. Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of June 30, 2021…. Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of May 31, 2021…. Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of April 30, 2021…. Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of March 31, 2021…. Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of February 28, 2021…. Read More >

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of January 31, 2021…. Read More >

The municipal market remained relatively stable in September, as 30-day volatility of 10-year AAA GOs increased modestly from 0.82 to 0.87 over the month. Municipal supply in September remained high with monthly issuance of $50.3 billion, a 34.3% increase from… Read More >

This report explores a few key statistics that paint a picture of the Birmingham area economy. Our Birmingham Area Economic Report places the Birmingham area economy in a state, regional and national context. Click here to download the full report… Read More >

This report explores a few key statistics that paint a picture of the Birmingham area economy. Our Birmingham Area Economic Report places the Birmingham area economy in a state, regional and national context. Click here to download the full report… Read More >

The municipal market remained relatively stable in August, as weekly 30-day volatility of 10-year AAA GOs increased modestly from 0.27 to 0.42 over the month. Municipal supply in August remained high with monthly issuance of $41.4 billion, a 5% increase… Read More >