Tag Archives: SALT

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Shocking surge: Municipal bonds strength based on several fluid factors

Author: , Post Date: July 1, 2019
Cumberland Advisors John Mousseau

Excerpt from “The Bond Buyer”… Shocking surge: Municipal bonds strength based on several fluid factors By Chip Barnett July 01 2019 With under a $1 billion of bonds and notes selling this week, municipal bond investors were looking beyond the week’s offerings — to fundamentals and performance. So far this year, muni yields have declined […]

Municipal calendar grows to $7B as the summer reinvestment season arrives

Author: , Post Date: June 1, 2019
Cumberland Advisors John Mousseau

Excerpt from “The Bond Buyer”… Municipal calendar grows to $7B as the summer reinvestment season arrives By Christine Albano & Chip Barnett May 31 2019 The food fight among municipal investors is expected to reach new heights with the arrival of the summer reinvestment season, municipal managers and observers said. Some say it will be […]

SALT-Fueled Rally in Muni Market Faces Tax-Day Test

Author: , Post Date: April 1, 2019
Cumberland Advisors John Mousseau

Excerpt from bloomberg.com article, SALT-Fueled Rally in Muni Market Faces Tax-Day Test By Amanda Albright April 1, 2019 The rally in the $3.8 trillion municipal-bond market is about to face a major tax-season test. All year, analysts have credited the $10,000 cap on state and local tax deductions for driving a record-setting amount of cash […]

The SALT (State and Local Taxes) Conundrum

Author: John R. Mousseau, CFA, Patricia Healy, CFA, & Gabriel Hament, Post Date: February 12, 2019
Market Commentary - Cumberland Advisors - The SALT (State and Local Taxes) Conundrum (Municipal Bonds)

There have been headlines recently describing the drop in state tax revenues versus forecasts for some of the higher-tax states such as California, New York, and New Jersey. Part of the falloff is due to an exodus of higher-income residents from high-tax states, such as the ones above, for states with low or no income […]