Fixed Income Market Insights
Our latest insights on bond market activity
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.
Read our latest musings about actions and events affecting the investment landscape.
MUNI Yields Jump as Oil, Geopolitics, and Fed Uncertainty Drive Markets
We have been discussing Higher Education for quite some time and the overall risks associated with that type of credit. Ohio Dominican University did not make its bond payment due 3/1, the latest issue the school is experiencing due to financial instability.
Easing Ahead? Municipals Benefit from Stabilizing Conditions
Municipal yields are down roughly 4 basis points across the curve in February and down again today across the curve with the economic news this morning.
FOMC Minutes Signal Extended Pause as Market Eyes 2026 Cuts
Minutes from the FOMC meeting should show a broad consensus to hold rates steady after three straight cuts.
Payroll Gains and Inflation Outlook Shift Fed Policy Expectations
Hammack (FED of Cleveland) indicated rates could be on “hold” while officials evaluate incoming economic data.
Video: Should You Buy Securities with Longer or Shorter Dated Maturities?
Duration: 4:17
Transcript: If you’re looking to buy higher grade securities with a higher rate of return, then you might consider going out a little further. If you are only seeking to build a ladder, one to five years in this example, we can certainly help you with that.
Video: DRL’s Perspective on Credit Quality and Bond Insurers
Duration: 2:01
Transcript: We primarily try to stick with double a rated paper or higher. The reason being is that we feel comfortable with overall credit qualities, double a rated or higher due to the low default rate on those securities.
Video: Our Experience is Your Advantage
Duration: 2:49
Transcript: I got in the business August of nineteen ninety four, and my introduction to the business was Orange County filing bankruptcy. That was a very big moment in the municipal bond world.
Video: Why Does DRL Not Buy Lower Quality Paper?
Duration: 2:11
Transcript: When you’re working with a team that understands the municipal bond world and that also understands credit ratings, credit quality, claims paying ability, specific insurance companies, what to buy and more probably more importantly, what not to buy.
Video: The Difference Between Revenue-backed and General Obligation Bonds
Duration: 4:48
Transcript: Understand the underlying asset and what’s being, generated payment, what payment is being generated from that underlying asset. So we’ve been we’ve been asked a lot about the difference between revenue bonds and general obligation bonds.