Insights

If 2025 felt strange but manageable, 2026 is shaping up to feel different in a more meaningful way. The last few years rewarded simplicity: hold cash, earn solid interest, and rely on assumptions that mostly held from one year to the next. That playbook worked, and now it’s starting to break down. Rates, inflation, politics, … Continued

November marked the end of the longest government shutdown in U.S. history, lasting 43 days, ending with President Trump signing a bipartisan continuing resolution bill to reopen federal agencies and fund operations through January 30, 2026. Even though the shutdown ended mid-month, the volatility and uncertainty carried through November. Intense pressure mounted to resolve the … Continued

As school districts across the state look to bridge budgeting gaps and cash flow challenges, many are turning to Tax Anticipation Notes (TANs) to cover operational needs ahead of the new budget year. These short-term financing tools can be an effective solution to bridge the gap between now and the arrival of tax revenues in … Continued

Artificial intelligence (AI), or machine learning, is rapidly transforming industries across the globe — and public sector finance is no exception. For counties, cities, municipalities, and other public entities, AI presents a powerful opportunity to enhance the management of public funds, streamline treasury operations, and improve investment outcomes. As stewards of taxpayer dollars, public finance … Continued

Recent news about potential privatization of Fannie Mae and Freddie Mac – two cornerstone institutions in the U.S. housing finance system – have sparked interest across markets. As fixed-income investors, you may be wondering what this could mean for your portfolios and the broader market. Below, we provide a brief overview and initial thoughts, with … Continued