Investors placed more than $70 billion in orders for roughly $2.4 billion of tax-exempt bonds this week, one of the largest order books in municipal market history.
From the Desk of David Loesch – July 16, 2026
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Market Insights
From the Desk of David Loesch — July 9, 2026
Fed Chairman Kevin Warsh’s break from forward guidance is looking less like a one-off posture and more like doctrine.
From the Desk of David Loesch – July 2, 2026
Municipal investors are entering the summer with their most favorable technical backdrop in months.
From the Desk of David Loesch – June 25, 2026
Something that seemed months away has now arrived: a formal ceasefire framework between the United States and Iran, and with it, a meaningful shift in the macro backdrop investors have been navigating since February.
From the Desk of David Loesch – June 11, 2026
May’s nonfarm payrolls came in at 172,000 — the strongest three-month advance in more than two years — and the unemployment rate held steady at 4.3%.
From the Desk of David Loesch – June 4, 2026
The municipal bond market ended May with something more valuable than a headline return: proof that demand is durable.
From the Desk of David Loesch – May 28, 2026
Investors are buying munis into the spike. Here’s what’s driving it.The SignalSomething unusual is happening in the municipal bond market.Yields have climbed sharply since the Iran conflict began — and yet investors keep buying. Muni funds have attracted more than $38...
From the Desk of David Loesch – May 21, 2026
Tuesday morning, 10-year Treasury yields fell 10 basis points to 4.57% in a single session. Thirty-year yields dropped to 5.11%.
From the Desk of David Loesch | May 14, 2026
April CPI came in at 3.8% year-over-year — the fastest pace since 2023 — and the bond market noticed. Long-dated Treasury yields are pushing toward 5%, the Fed’s internal consensus is fracturing, and the rate-cut timeline the market was pricing just weeks ago has been quietly shelved.
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From the Desk of David Loesch – May 7, 2026
According to data from Bloomberg, investors poured $22.3 billion into municipal bond funds in the first four months of 2026 — the fastest pace of inflows since 2021.