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    Muni Nation

    November 21, 2013

    Death and Taxes

    by Jim Colby, Portfolio Manager

    Less than six weeks remain in 2013. To paraphrase the Chinese proverb we have certainly lived through a year of interesting times. That being said some savvy municipal bond market investors have not been deterred from taking advantage of a tax-loss harvest opportunity that h...

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    Muni Nation

    November 05, 2013

    A Silver Lining

    by Jim Colby, Portfolio Manager

    At the end of October we were on a downward trend in municipal bond new issuance and the AAA municipal bond yield curve on average dropped 13 basis points enough to push the return for the Barclays Municipal Bond Index to 0.79% for the month (as of October 31 2013). On the d...

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    Muni Nation

    October 25, 2013

    Woe Is Munis?

    by Jim Colby, Portfolio Manager

    I cannot help but feel that fixed income investors may currently be finding themselves in a hope-and-despair loop reeling most recently from political brinkmanship over what may occur in January 2014: another round of brinkmanship and ultimately the looming possibility of Fe...

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    Muni Nation

    October 15, 2013

    Unintended Consequences

    by Jim Colby, Portfolio Manager

    It is not my place to offer a politicized opinion on the current Washington stalemate and debt ceiling crisis. In fact the potential consequences of not extending the debt ceiling and facing payment default on the nation s debt are already being well documented by others. Th...

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    Muni Nation

    October 01, 2013

    Redefine Your Muni Core with Intermediates

    by Jim Colby, Portfolio Manager

    The events in the fixed income markets of the past several months may have left many municipal bond investors concerned if not confused about what to think and how to react. Over the long term we could potentially be looking at higher interest rates as the new normal. With t...

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