Tag Archives: Municipal Bonds

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Cumberland Advisors Market Commentary – Q4 Quarterly Credit Commentary – Municipal Credit 2020 and Beyond

Author: Patricia Healy, CFA, Post Date: January 11, 2021

In the depths of the muni market plunge back in March, many feared that the sky had fallen and that municipalities would not be able to manage their services and debt repayment. The initial fall in prices was due to a collapse of liquidity, when muni money market funds had no one to sell to […]

Munis flat as traders look ahead to next year’s supply slate

Author: , Post Date: January 1, 2021
CA-In-The-News-John-R-Mousseau-BondBuyer-20201229

Excerpt from The Bond Buyer: Munis flat as traders look ahead to next year’s supply slate By Chip Barnett – December 29, 2020 Municipal bonds were little changed Tuesday as the market took stock of 2020 and looked ahead to what 2021 might have in store. Yields on top-rated munis were flat across AAA scales. […]

Cumberland Advisors Market Commentary – The Long Strange Trip of the Muni Market in 2020

Author: John R. Mousseau, CFA, Post Date: December 28, 2020
CA-Market-Commentary - The Long Strange Trip of the Muni Market in 2020 - Mousseau

Sometimes the light’s all shinin’ on me Other times I can barely see Lately it occurs to me What a long strange trip it’s been “Truckin,” by the Grateful Dead (Lyrics by Robert Hunter)   Those great lines from a great song sum up the 2020 investment year in general and particularly in munis, as […]

Cumberland Advisors Market Commentary – Wave Bye to Blue Wave – Bonds

Author: John R. Mousseau, CFA, Post Date: November 4, 2020
Market Commentary - Cumberland Advisors - Wave Bye to Blue Wave – Bonds

Though we are still sorting out last night’s election, the so-called “blue wave” of a Democratic sweep of the White House, Senate, and House of Representatives didn’t happen. At this hour, the White House is still not decided; it appears the Senate will NOT switch and will stay Republican; and the Republicans made a few […]

Cumberland Advisors Market Commentary – Wildfires Out West

Author: Patricia Healy, CFA, Post Date: October 8, 2020
Patricia Healy, CFA

On Sunday, Bloomberg reported that this year’s California fires had scorched more ground than the last three years of fires combined. Higher temperatures and greater winds have contributed to the spread. Year-to-date, the California fires have covered 4 million acres in 8,200 fires throughout the state. Some 8,400 homes and buildings have been lost, and […]

Cumberland Advisors Market Commentary – Muni Bonds Turn Toward the Election

Author: John R. Mousseau, CFA, Post Date: October 6, 2020
Market Commentary - Cumberland Advisors - (Mousseau)

With the presidential election a month away, we start to mull over what the bond market might look like post-election day. While most polls have Vice-President Biden ahead by 6–7% points, we know the race has the potential to be much closer, since the 50 individual states decide the election by virtue of voting by […]

BondBuyer – Florida preps $2.25 billion deal to pay hurricane insurance claims

Author: , Post Date: August 31, 2020
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt below. By Shelly Sigo – The Bond Buyer August 31, 2020 Florida plans to “opportunistically” take advantage of historically low taxable municipal bond rates in a $2.25 billion deal that a state official said should be attractive for yield-starved investors. Proceeds will provide capital to pay claims, if needed, by the Florida Hurricane Catastrophe […]