6 Jan 2021
Greg Johnson

Highlighting the Start of a New Year

With the official start of the 117th Congress this week, we highlight some of the legislative proposals in the area of public finance that may be revisited and how they can impact issuers.
17 Dec 2020
Shelby McQuay

Overview of New Year Expectations

A preview of state government budget discussions while consumers weigh in on the outlook and economists predict the Federal Reserve’s direction in the upcoming year.
2 Dec 2020
Melissa Buck

The Next Administration

On Monday, President-Elect Joe Biden announced former Federal Reserve Chair, Janet Yellen, will be his pick for the next Secretary of the Treasury. If confirmed, Yellen would be the first female to take the job.
13 Nov 2020
Jonathan Schatz

Post-Election Market Overview

We salute our veterans as markets pause this week in recognition of Veteran’s Day. In this edition of Ehlers Market Commentary we discuss post-election implications and reflect on news of a potential COVID-19 vaccine.
30 Oct 2020
Brian Reilly, CFA

COVID Resurgence and Uncertainty a Volatile Mix for Global Financial Markets

Elections in the United States and a global resurgence in COVID have presented tremendous uncertainty to investors the last two weeks.
13 Oct 2020
Greg Johnson

Fiscal Policy and Stimulus Remain a Key Focal Point

Expect the debate over fiscal policy and direct stimulus tools to remain at the forefront of the response to the pandemic both domestically and abroad.
29 Sep 2020
Shelby McQuay

Change is in the Air

Economic indicators suggest growth and momentum, though still moving in a generally positive direction, has slowed and the economic rebound of summer may have lost some of its prior pace. 
18 Sep 2020
Melissa Buck

Back to Normal?

In normal times, bond markets are typically quieter during the summer months, but this past summer has been like no other. Issuance is up and demand has been steady as investors get more comfortable with credit fundamentals.
8 Sep 2020
Brian Reilly, CFA

More Debt = Lower Interest Rates?

It's logical for any reasonable person to conclude that the more debt any person or entity has outstanding in relation to their “income”, the higher interest rates for said entity or person would be. More debt equates to more leverage, and, therefore, greater risk. These sorts of axioms hold no truth for the world's largest sovereign debtors, and that includes the United States.
20 Aug 2020
Jonathan Schatz

Market Overview

S&P 500 sets a new record high and the Federal Reserve lowers rates for its Municipal Liquidity Facility due to lack of users. Tax-exempt municipal yields have increased slightly in the last few weeks, but remain low for the year.