Fixed Income Market Insights
Our latest insights on bond market activity
MUNI Supply Outlook Grows and Fed Faces Data Gaps
Many are indicating the MUNI bond market will be set for a record supply next year. I have seen as much as 600B predicted in 2026, which is up 4% YOY. Refunding volume and taxable issuance are expected to remain flat at approximately $112 billion and $36 billion,...
Fed Delivers 25bps Cut, QT to End Dec. 1 — MUNIs Steady, Yields in Motion
Zohran Mamdani’s lead in the New York City mayor’s race over former Governor Andrew Cuomo has narrowed less than a week before Election Day, according to a Quinnipiac University poll.
Government Shutdown & Data Void Complicate Fed’s Path Forward
A larger tax on Harvard’s $57B endowment will hurt the school’s ability to address the very problems the US government wants it to focus on.
Read our latest musings about actions and events affecting the investment landscape.
Video: DRL Market Commentary and What Moves Interest Rates
Duration: 2:48
Transcript: With over three decades of doing one thing, we believe we can provide valuable insight on what’s going on in the bond markets. And if you are listening to this and if you’re signed up on our lists, you receive various data points from us. We typically send out something every Thursday.