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    Muni Nation

    February 15, 2012

    Pitchers & Catchers

    by Jim Colby, Portfolio Manager

    As I anticipate another season of America s Favorite Pastime I cannot help but feel that the past two months of strong performance for municipals will likely level out into a more traditional pattern much like when reality meets expectations with spring baseball. I think dem...

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    Muni Nation

    February 08, 2012

    In Perspective

    by Jim Colby, Portfolio Manager

    Returns for municipal bonds YTD in 2012 represents third strongest start to a year since 1990 (2.31% YTD as of 1/31/2012) . Investors are rushing back to municipals as evidenced by strong inflows of 6 billion in January. A combination of factors are boosting investor demand:...

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    Muni Nation

    February 01, 2012

    Municipal Trifecta

    by Jim Colby, Portfolio Manager

    The continuation of strong cash flows elevating municipal asset levels for investment platforms has led to a resumption of positive performance for virtually all sectors of the muni market in January . The Barclays Capital Municipal Bond Index posted a 2.31% gain for the mon...

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    Muni Nation

    January 25, 2012

    Nosebleed Prices

    by Jim Colby, Portfolio Manager

    The municipal bond market has been on a seven-week march to all-time low rates (yields) as the chart below shows. Given the voracious appetite that investors have had for munis I would have expected that the natural order would be for the market to take a pause even to back-...

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    Muni Nation

    January 19, 2012

    Game On

    by Jim Colby, Portfolio Manager

    Perhaps it was a combination of views expressed last week by the likes of PIMCO Barron s and The Wall Street Journal touting the merits and benefits of the municipal bond market but interest is clearly being expressed by buyers gobbling up investment grade bonds in spasms of...

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