AAM Municipal Market Perspective – First Quarter 2013
The Tax-exempt sector was generally weaker across the yield curve relative to Treasuries during the first quarter of 2013. The [...]
April 9, 2013 | Categories: Hide "view original document", Industry Insight, Municipals
AAM Municipal Market Perspective: Fourth Quarter 2012 Municipal Commentary and Outlook for 2013
The municipal sector exhibited a considerable amount of volatility during the final quarter of 2012, with most of the volatility [...]
January 10, 2013 | Categories: Hide "view original document", Industry Insight, Municipals
AAM Municipal Market Perspective – Third Quarter 2012
The municipal market enjoyed a very strong rally during the summer, with supply and demand imbalances continuing to be the [...]
October 19, 2012 | Categories: Hide "view original document", Industry Insight, Municipals
AAM Municipal Market Perspective – Second Quarter 2012
Technical imbalances continue to be the major theme driving tax-exempt relative performance for 2012. Municipalities issued a total of $114 [...]
July 17, 2012 | Categories: Hide "view original document", Industry Insight, Municipals
AAM Municipal Market Perspective – First Quarter 2012
Supply and demand imbalances during the first quarter of 2012 resulted in a substantial amount of volatility in tax-exempt yield [...]
April 11, 2012 | Categories: Hide "view original document", Industry Insight, Municipals
AAM Municipal Market Perspective – Fourth Quarter 2011
The municipal market experienced the impacts of the “January effect” a month earlier than anticipated. Very strong roll-over investment of [...]
January 11, 2012 | Categories: Hide "view original document", Industry Insight, Municipals
AAM Municipal Market Perspective – Third Quarter 2011
The municipal market continued to see very strong performance during the third quarter of 2011. After 10-year rates fell 41 [...]
October 18, 2011 | Categories: Industry Insight, Municipals
AAM Municipal Market Perspective – Second Quarter 2011
Tax-exempt performance for the second quarter of 2011 remained at strong levels on the heels of another quarter of muted [...]
July 13, 2011 | Categories: Industry Insight, Municipals
AAM Municipal Market Perspective – First Quarter 2011
Municipal market performance during the 1st quarter of 2011 exhibited a nice rebound from the disastrous performance of the 4th [...]
April 12, 2011 | Categories: Industry Insight, Municipals
AAM Municipal Market Perspective – Fourth Quarter 2010
The tax-exempt market suffered through a volatile and difficult fourth quarter in 2010 on very weak Technicals. Supply/demand imbalances were [...]
January 11, 2011 | Categories: Industry Insight, Municipals
AAM Municipal Market Perspective – Third Quarter 2010
The tax-exempt municipal market exhibited very strong performance over the third quarter. Exceptionally strong seasonal demand was the primary catalyst, [...]
October 18, 2010 | Categories: Municipals
AAM Municipal Market Perspective – Second Quarter 2010
The municipal market drastically underperformed the taxable market during the second quarter. Although municipal new issue supply has remained very [...]
July 14, 2010 | Categories: Industry Insight, Municipals
AAM Municipal Market Perspective – First Quarter 2010
The tax-exempt market has entered the final stages of the weak technical environment that resulted from the tax-filing season that [...]
April 12, 2010 | Categories: Industry Insight, Municipals
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