Thought Leadership

Market Review and Outlook 1st Quarter 2011

April 15, 2011

2010 was the year the municipal bond market became front page news. Some of the key themes behind the headlines were: 1) historically low interest rates, 2) volatility in municipal/Treasury yield ratios, 3) increased scrutiny of the states’ underfunded pension liabilities and other post-employment benefits, 4) the Build America Bonds (BABs) program, and 5) the passage of the Dodd-Frank Financial Reform Act and Basel III.