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    Muni Nation

    June 13, 2012

    A New Paradigm

    by Jim Colby, Portfolio Manager

    With investor sentiment now shaded by the daily changes in market direction for both equities and fixed income I suggest that we are faced with a changed investment paradigm at least in the near term. While Europe tries to extricate itself from economic doom and gloom many m...

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    Muni Nation

    June 06, 2012

    What Is An Investor To Do?

    by Jim Colby, Portfolio Manager

    If you have not asked yourself this question then you may either be blissfully unaware of the cacophony raised as investors rush out the exit marked equity based on fund flow data from Morningstar or your expectations might be so low for investment returns that you ve turned...

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    Muni Nation

    May 31, 2012

    End Of May, Don't Go Away

    by Jim Colby, Portfolio Manager

    I ve taken a little liberty with a familiar saying to suggest that for municipals I am not booking my three-month summer vacation just yet. Month-to-date and year-to-date performance of all muni high-yield bond sectors (with the exception of tobacco) has been positive. The t...

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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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