Debt Capital Markets

Weekly summaries of key drivers affecting the direction of taxable and tax exempt interest rates for municipal bonds.

William Blair’s Debt Capital Markets Weekly update summarizes key drivers affecting the direction of taxable and tax exempt interest rates for municipal bonds.

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Weekly Market Update | February 10, 2017

The role of manufacturing relative to the total U.S. economy continued its decline in 2016. The U.S. economy reported a $502 billion trade deficit, the largest deficit since 2012 and the 41st consecutive since 1975. In stark contrast, the U.S. services sector reported a $247 billion trade surplus over the same period.

View full February 10, 2017, report

Weekly Market Update | February 3, 2017

January nonfarm payroll rose by 227,000 new jobs, well ahead of 171,000 expected. Although this marked the strongest gain in NFP since last September, including a labor-force participation rate increase of 0.02% to 62.9%, labor market slack remains evident, with the unemployment rate (U-3) rising to 4.8% from 4.7% and the underemployment rate (U-6) rising to 9.4% from 9.2%.

View full February 3, 2017, report

Weekly Market Update | January 27, 2017

The Dow Jones Industrial Average soared past 20,000 when markets opened Wednesday on stronger-than-expected fourth-quarter earnings and policy announcements from President Donald Trump and his administration. The NASDAQ and S&P 500 also set new records, with all three indices gaining more than 1% last week.

View full January 27, 2017, report

Weekly Market Update | January 20, 2017

The Presidency of the United States transitioned for the 44th time on Friday with the inauguration of Donald J. Trump. To paraphrase a letter from George H.W. Bush to Bill Clinton on the day of the latter’s inauguration; his success is now our country’s success.

View full January 20, 2017, report