Newsletter Archives

2010 Newsletters

* Will Build America Bond Issuance Decline After 2010?
* Apr.10 - Municipal Governments Paring Labor Expenses
* Jan.10 - Build America Bonds – Here to Stay?

2009 Newsletters

* Oct.09 - Municipal Market Meets Resistance
* July.09 - Build America Bonds – Larger Market Presence Than Anticipated
* Apr.09 - Impact of Fiscal Stimulus on Muni Mkt
* Jan.09 - Muni Budgetary Stress – How Bad Is It?

2008 Newsletters

* October 2008 - Historically Cheap Levels Relative to Treasuries
 * July 2008 - Global Credit Ratings
 * April 2008 - Unprecedented Municipal Market Stress Creates Unique Opportunities
 * January 2008 - Municipals - Attractive Relative Value

For requests of older Newsletters, please email Kim Lundgren at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

2007 Newsletters

* October 2007 - Barbell Portfolio Structures
* July 2007 - Supreme Court to Hear Kentucky Case
* April 2007 - Hedge Fund Activity in the Municipal Market
* January 2007 - Kentucky Case Update

2006 Newsletters

* September 2006 - Specialty State Bond Challenge
* July 2006 - Municipal Enterprise Privatization
* April 2006 - Alternative Minimum Tax Considerations
* December 2005 - Impact of Premium Bonds

2005 Newsletters

* October 2005 - Flattening Yield Curve
* July 2005 - Return Considerations When Using High Coupon Bonds
* April 2005 - Call Risk with Refunded Bonds
* January 2005 - Is Tax Reform Likely?

2004 Newsletters

* October 2004 - De Minimus Risk With Par Bonds In a Low Rate Environment
* July 2004 - Tax Loss Trading With A 15% Long Term Capital Gains Rate
* April 2004 - Lease Revenue Financing - UAL Special Facility Revenue Bonds
* January 2004 - Implications of a Steep Municipal Yield Curve

2003 Newsletters

* October 2003 - California Credit Update
* July 2003 - Increased Call Activity In A Low Rate Environment
* April 2003 - Tobacco Bond Developments
* January 2003 - Municipal Government Budgetary Pressures

2002 Newsletters

* October 2002 - Duration/Volatility Review
* July 2002 - Municipal Portfolios and Terrorism Risk
* April 2002 - Relative Attractiveness of the Municipal New Issue & Secondary Mkts
* January 2002 - The Value of Active Management in Municipal Portfolios

2001 Newsletters

* October 2001 - The Impact of September 11th
* July 2001 - Power Problems in California
* April 2001 - Municipal Market Volatility Analysis
* January 2001 - Incurring Tax Liabilities In A Municipal Portfolio