Click here to read a Bond Buyer article in which Dexter Torres discusses recent levels of municipal to Treasury ratios.
Click here to read a Wall Street Journal article in which Jonathan Lewis comments on Friday's Treasury rally following chatter about credit ratings downgrades the euro zone. As the article quotes, ""Safe-haven flows are pretty powerful," said Jonathan Lewis, founding principal and portfolio manager at Samson Capital Advisors, "because would anyone really be surprised about a downgrade?""
Click here to read an article by GOVERING magazine quoting Ben Thompson about the muni market in 2012.
Click here to read a Reuters article in which Jonahan Lewis comments on the ECB holding rates steady at 1 percent.
Click here to read a Bond Buyer article on opportunities in the municipal market for 2012. As the article quotes, "Dexter Torres, a principal and head trader on the portfolio management team at Samson Capital Advisors, notes that the firm typically traffics in the short and intermediate part of the curve — mostly 12 years and less. However, Torres has seen some investors at the firm and elsewhere picking spots within the muni curve, such as buying late 2020, versus early 2020, to take advantage of the steepness of the intra-year curve."
Click here to read a New York Times article on markets following today's labor report which includes comments from Jonathan Lewis.
Click here to read an Investment News article quoting Ben Thompson who discusses news around taxes this upcoming year.
Click here to read a Bond Buyer article about continued declines in the volume of municipal debt outstanding. Households, the largest muni holder, owned 1.3% less than they did the previous quarter. The article comments on Judy Wesalo Temel's observations that the household sector was vulnerable to the negative press regarding the credit quality and safety of municipals at the beginning of 2011. Temel said that rising attractiveness of other asset classes, particularly equities, competed for investors' attention. Life insurance companies saw a 1.4% rise in ownership over the quarter. Temel added that the increase is attributed to life insurance companies' purchasing of Build America Bonds starting in 2009, for their high quality and long duration.
Click here to read an article which references Judy Wesalo Temel regarding municipal defaults and bankruptcies.
Click here to read Jonathan Lewis' quote in a Wall Street Journal article. As the article quotes, ""We've seen this movie before," said Jonathan Lewis, chief investment officer at Samson Capital Advisors with $7 billion in assets under management. He wonders whether the economy has "built up resistance to this medicine," and he wants more color about the size and timing of anything the Fed might do before changing his portfolio."