Alvarez & Marsal Private Wealth Partners: Fixed Income Team Takeaways Overview A strong quarter start, then a sharp rate shock in March. Municipals returned -0.18% in 1Q26, slightly behind the U.S. Aggregate at -0.05%. January and February were constructive, but March turned negative as the Iran conflict pushed oil prices higher and reignited inflation concerns. […]
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The year 2025 will be remembered as a period when financial markets performed significantly better than the underlying economy. Equities climbed a persistent “wall of worry,” reaching new highs despite a steady drumbeat of unsettling headlines: cooling job growth, fragile consumer sentiment, tariff noise, and persistent questions regarding fiscal sustainability. Yet, beneath this apprehension lies […]
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Alvarez & Marsal Private Wealth Partners: Fixed Income Portfolio Management Team Takeaways Solid quarter for municipals, driven by an unusually strong October. The market returned 1.56% in 4Q25, outperforming the U.S. Aggregate (1.10%), with October gains supported by $8.5B of fund inflows, compelling yields, and a Fed that resumed easing. Yield curve positioning was the […]
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Municipal bonds outperform in Q3: Bloomberg Muni Index 3.00% vs. U.S. Agg 2.03%. September did the heavy lifting as fund inflows rose on increased expectations of a Fed cut; long maturities led. High yield municipals lagged again; Bloomberg Muni HY 1.63%. Income still compelling: Index yield-to-worst ended Q3 in the 88th percentile of the past […]
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Summary Points The municipal bond market found itself at the intersection of supply pressure, policy uncertainty, and shifting investor sentiment Credit-related news centered around Federal policy proposals with a specific focus on the proposed revisions to the Endowment Tax, along with a series of Sector Outlook Revisions by Moody’s As the quarter unfolded, the market […]
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July 25, 2025 — (WILMINGTON, DE) Alvarez & Marsal Private Wealth Partners (AMPWP) is pleased to announce that it has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Alvarez & Marsal Trust Company, National Association, a special purpose national bank dedicated to providing trust and estate services. The […]
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