Archive for April, 2015

March 2015 Monthly Commentary

April 15, 2015  |   Monthly Commentary   |     |   0 Comment

The Fixed Income markets were hampered by weakness in the municipal bond market, as bonds issued by Illinois and Chicago came under selling pressure due to pre-mayoral election jitters and by the seasonal uptick in new issue supply. The concern was that Mayor Rham Emanuel was at risk of losing to the Cook County Commissioner, Jesus Garcia. Investors anticipated that if Garcia were to be elected Mayor, he would cave to union pension and compensation ...