Muni Outlook: Themes for the Next 3 Months

Pat Luby
Senior Municipal Strategist

Pat’s expertise in the Municipals market and industry trends has received acknowledgment from The Bond Buyer, Bloomberg, The Wall Street Journal and Barrons.com, among other financial and trade media, where he is frequently quoted on market moving developments.  His unique perspective draws on his experience in the trading, research, sales, distribution and management of municipal bonds and municipal bond products, including separately managed accounts (SMAs), mutual funds and ETFs.

Pat’s current areas of focus include the impact on the market from the increasing reliance on taxable municipal bonds by issuers and the influence of fixed income ETFs on investor behavior and market structure.

John Ceffalio
Senior Municipal Research Analyst

John joined CreditSights in 2021 and covers fundamental municipal credit.  John worked most recently as a senior research analyst at AllianceBernstein, also covering municipal credit.   In more than ten years on the buy side at AB, John covered high profile general government credits such as Illinois, California, and US territories including Puerto Rico.  He also covered higher education and student housing.  Prior to AB, John spent seven years as an analyst at Fitch Ratings, Bear Stearns & Co, and Moody’s Investors Service.

Moderated by Erin Lyons
US IG Strategist & Co-Head of US IG Research

In her role as US Credit Strategist, Erin directs CreditSights’ Investment Grade sector allocation research and publishes on a wide range of market and macroeconomic themes. Prior to joining CreditSights she was a Director and single-name strategist at Citigroup and a portfolio manager at Brigadier Capital Management, a long/short credit hedge fund. In addition, she covered the high yield technology sector at both JPMorgan and Deutsche Bank; she has over 17 years of experience in the credit markets. Erin holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania.