Featured Insights
Municipal Fixed Income
Muni Sector Outlook: Mass Transit’s Fragile Funding Model
September 23, 2025 -- Mass transit systems continue to face financial strain despite modest ridership recovery post-pandemic. . . .
Fixed Income
Rate Relief and Mortgage Spread Compression
In this week's Notes from the Desk, we examine how the Fed’s latest rate cut is reinforcing the strength of the MBS market. From spread compression to a shifting balance of...
Fixed Income
Rate Cut Marks Start of Fed’s Shift Toward Neutrality
September 17, 2025 -- The Federal Reserve cut its benchmark interest rate by a quarter percentage point at the September FOMC meeting, lowering the federal funds target range...