Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Bio
X •  LinkedIn
 

  States Are Taking In More Revenue
Posted Under: Bond Market
Supporting Image for Blog Post

 

View from the Observation Deck

  1. Owners of municipal bonds should take some comfort in knowing that state tax receipts have rebounded in a meaningful way in recent quarters.
  2. Revenues rose 10.8% (y-o-y) in Q2'11. That is a substantial improvement over the situation in Q2'09, where revenues declined by 16.3% (y-o-y).
  3. State tax receipts have increased for six consecutive quarters. The average rate of nominal growth was 6.6%.
  4. Prior to the rebound, collections were down five consecutive quarters (Q4'08 – Q4'09). The average rate of nominal decline was 9.3%.
  5. For the 12-month period ended June 2011, total collections exceeded the previous 12-month period by $58 billion, or 8.4%, according to Rockinst.org.
  6. That represents the strongest showing since 2005.
Posted on Wednesday, December 7, 2011 @ 8:26 AM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Market Commentary Video
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
Up Twelve Percent
For You Purists Out There
Investors Need to Adapt to Higher Volatility
A Key Indicator Helps Track the Demand for Platinum
Peeling Back the Onion for a Closer Look at Emerging Markets Equities
Companies Repurchasing Stock at a Better than Average Clip
Earnings Growth May Be Decelerating but Earnings Haven’t Peaked
A Snapshot of Stocks Coming and Going
Focus on Financials
One Word: Earnings!
Archive
Skip Navigation Links.
Expand 20242024
Expand 20232023
Expand 20222022
Expand 20212021
Expand 20202020
Expand 20192019
Expand 20182018
Expand 20172017
Expand 20162016
Expand 20152015
Expand 20142014
Expand 20132013
Expand 20122012
Expand 20112011

Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.