Thought Leadership

Market Review and Outlook 1st Quarter 2008

April 18, 2008

Investors are unaccustomed to seeing stories about credit markets on the front page of the press, despite the fact that credit markets are vast, dynamic, and underpin all other capital markets.  Subprime mortgages, failed municipal auctions, downgrades, write-offs, and more have all contributed to turbulence, headlines, and concern over the past several months.  The new-found attention given investment grade municipal markets creates opportunities for disciplined investors with a time-tested investment process that relies on fundamental credit research.