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    Muni Nation

    May 23, 2012

    Yield On The Run

    by Jim Colby, Portfolio Manager

    Muni High Yield has been a top-performing segment among municipal bonds with a total return of 7.75% YTD through April 30 2012 for Barclays Municipal High Yield Index 1 . I believe that the dynamic which has propelled performance in the investment grade muni market is also a...

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    Muni Nation

    May 17, 2012

    A Little Negative News Is Good

    by Jim Colby, Portfolio Manager

    The municipal bond market has experienced a significant rally slow but steady for nearly three weeks . Supportive data and technicals have pushed the market higher. Despite spreads which point at municipals as a value purchase surprise news (i.e. Meredith Whitney s predictio...

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    Muni Nation

    May 11, 2012

    Strategy & Commitment

    by Jim Colby, Portfolio Manager

    Municipal yield curve steepness was a significant contributor to 2011 municipal bond returns and it currently remains so. Because recent changes in yields have been fairly consistent across maturities the intermediate part of the curve (10 to 14 years) where yield difference...

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    Muni Nation

    May 04, 2012

    The Trend Is Your Friend

    by Jim Colby, Portfolio Manager

    In contrast to what historically has been normal for the end of April municipal performance ended the month on a very positive note. The Barclays Capital Municipal Bond Index 1 was ahead by 1.15% 2 and the Barclays Capital High Yield Municipal Bond Index 1 nearly doubled tha...

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    Muni Nation

    April 27, 2012

    Road Map

    by Jim Colby, Portfolio Manager

    With flows continuing to favor municipals BBB-rated munis are receiving recommendations as their spreads to investment-grade muni bonds continue to compress . Even in a rising rate environment the less volatile BBBs have historically outperformed investment-grade munis and h...

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