Tag Archives: John R. Mousseau

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Cumberland Advisors Market Commentary – 3Q 2019 Review: Total Return Tax-Free Municipal Bond

Author: John R. Mousseau, CFA, Post Date: September 30, 2019
John R. Mousseau, CFA

The dramatic drop in Treasury yields at the beginning of August caused the muni market to take a pause in its great relative performance earlier in the year. The 10-year Treasury bond moved 52 basis points lower, going from 2.005% at the end of the second quarter to 1.48% at the end of August; and […]

Cumberland Advisors Market Commentary – The Bond Conundrum and How to Manage

Author: John R. Mousseau, CFA, Post Date: August 20, 2019
Market Commentary - Cumberland Advisors - Bond Conundrum

The past couple of weeks have been breathtaking for bond investors and observers of the bond market. The yield on the 30-year Treasury bond is now at a record low – it dipped under 2% this week – and the 10-year Treasury is not far off its record low of 1.36% set in July 2016 […]

Cumberland Advisors Market Commentary – Markets During Apollo 11

Author: John R. Mousseau, CFA, Post Date: August 1, 2019
Cumberland Advisors Market Commentary - Markets During Apollo 11

This past week we celebrated the 50th anniversary of the Apollo 11 moon landing. Remarkably, only 1/3 of Americans today were alive when that happened. As a 12-year-old kid I was riveted by the space program and tried to digest the minutia of every flight. Like a lot of kids, we watched the moon landing […]

Cumberland Advisors Market Commentary – 2Q2019 Review: Total Return Taxfree Municipal Bond: The Big Squeeze

Author: John R. Mousseau, CFA, Post Date: June 27, 2019
Market Commentary - Cumberland Advisors - The Big Squeeze (Municipal Bonds)

The muni bond market has been on a tear so far this year. Not only have yields dropped, but they have dropped relative to US Treasuries across the board. The chart below shows where we are now and where we were at the start of the year. The big squeeze has been caused by the […]

4Q2018 Review: Munis Turn It Around

Author: John R. Mousseau, CFA, Post Date: December 28, 2018
Market Commentary - Cumberland Advisors - 4Q2018 Review Munis Turn It Around

Muni yields rose in the first six weeks of this quarter – mostly in sympathy with US Treasuries (UST). We saw the 10-year and 30-year Treasury bonds rise 20 and 25 basis points respectively. Since early November, AAA muni yields (AAA) have dropped across the board, and the 10-year Treasury yield has fallen a whopping […]