February 2024 - Monthly Review

The Muni Fear Index

The muni market can make a half-awake nightmare become a live reality. It would be an understatement to call this principal-first, stable fixed income sector merely skittish and easily rattled. What is the monster that munis are afraid of? Tax cuts? Losing tax exemption status? DC cutting state aid? These are all minor concerns day-to-day in muniland, but the big boogie monster is volatility. This month, MainLine takes a look at the impact of price movements on muni performance to determine whether investors need to be scared of the “Muni Fear".


Read More


Report Charts


Expert Insight About The Municipal Bond Market
Our team of investment professionals are active in the market daily.
Our blog includes posts with valuable insight and commentary about critical municipal finance topics and expert interpretation of how current economic factors may affect the municipal bond market.

Visit our Website to access our blog and subscribe to keep current with our municipal bond market insights.
About The Author
Mike Maciolek, CFA, is a Senior Vice President at MainLine West and a member of the investment team for individually managed client accounts and our family of Tax Advantaged Opportunity Funds. Prior to his current role, he was a portfolio manager for First Data Corporation. Mike directed a set of municipal bond portfolios approaching $12 billion in market value, and $7 billion in interest rate derivatives, applying his expertise to meet the various objectives of the portfolios. He began his 24 year career in New York City as an analyst with management responsibilities for $2 billion in tax-exempt money market funds for Oppenheimer Funds.
2237 W 30th Ave
Denver, CO 80211
720.536.3380
Contact Us