IN THE NEWS
New infrastructure law’s impact on municipal bond market

DECEMBER 7, 2021 | FMSBONDS, INC. | by James Klotz

By James Klotz, includes “… Under a bipartisan Senate bill introduced earlier this year, the federal government would pay 28% of the bonds’ interest to state or local issuers. Alas, the program was left out of the final bill. … Overall, we applaud the new law, the most substantial infrastructure initiative in more than a generation. We expect an uptick, if not a flurry, of new issuances, and federal support will bolster the market. ”

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Public pensions ramp up risk to boost returns

DECEMBER 7, 2021 | LAS VEGAS REVIEW-JOURNAL | by Editorial

Editorial, includes “… Public pensions have long over-promised returns and under delivered. … defined benefit pensions are complicated. They involve calculating payouts decades in the future. There are assumptions about life expectancy and age of retirement. … All this makes it easy to trust the ‘experts.’ But the experts keep getting it wrong — and leaving taxpayers on the hook. … ”

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