Author Archives: Michael Telford

Fed’s Warsh Names Leadership for Five New Task Forces

Bloomberg | July 9, 2026 | Authors: Enda Curran and Maya Prakash | Federal Reserve Chairman Kevin Warsh announced the leadership of five task forces that will examine the central bank’s approach to key aspects of policy making, with an … Read more

How To Explain Bond Laddering to Clients—And When It Makes the Most Sense

Investopedia | July 1, 2026 | Author: Nick Gallo | Despite sounding complex, bond laddering is a simple, reliable strategy for creating predictable streams of income. We’ll explore how it works, how financial advisors can explain it to their clients, … Read more

Don’t Send Checks Through the Mail. Just Don’t.

The New York Times | June 26, 2026 | Author: Ann Carrns | A practice that was common not so long ago has become increasingly risky — sending checks in the mail. But if you must send money this way, … Read more

A First-Ever Default Shakes an $80 Billion Corner of Muni Market

Bloomberg | June 17, 2026 | Author: Martin Z. Braun | More than two decades after Wall Street started pumping out a new type of bonds — those backed by the legal-settlement payments governments receive from cigarette companies — one … Read more

A Risk-Free Way to Get a 3% Inflation-Proof Yield Now

Barron’s | May 26, 2026 | Author: Andrew Bary | Inflation is rising, bond prices are falling, and TIPS [Treasury Inflation-Protected Securities] are having their moment. The prospect of a protracted period of elevated inflation—stemming from higher oil prices and … Read more

Emerging tech’s potential for public financial management examined in IMF paper

Global Government Finance | April 24, 2026 | Author: Ian Hall | A paper setting out how finance ministries and other public institutions could think more strategically about emerging technologies in public financial management (PFM) – and overhaul their PFM … Read more

FinCEN’s AML rule for Investment Advisers: What compliance teams need to know in 2026 to prepare for 2028

Moody’s | Apr 2, 2026 | Originally tabled for implementation on January 1, 2026, the Financial Crimes Enforcement Network (FinCEN) regulation that brings Registered Investment Advisers (RIAs) and Exempt Reporting Advisers (ERAs) under the Bank Secrecy Act (BSA) was postponed … Read more

States Weigh Pros and Cons of Investing in Cryptocurrency

Pew | March 31, 2026 | Authors: Liz Farmer and Gayathri Venu | Once considered a fringe investment, cryptocurrency is beginning to make inroads into state and local government finance. In 2025 alone, at least 19 states considered or passed … Read more

Public Finance in a Time of Structural Volatility

Governing | March 24, 2026 | Author: Craig S. Maher | Last March, state and local officials in Kansas and Missouri were trying to understand what had just happened to their budgets. Federal grants supporting public health, nutrition assistance and … Read more

EDV: Treasury STRIPS In An ETF Format

Seeking Alpha | February 12, 2026 | Author: Binary Tree Analytics | Vanguard Extended Duration Treasury ETF offers low-cost, passive exposure to long-duration U.S. Treasury STRIPS with a 24-year average maturity. EDV is highly sensitive to long-term interest rates; a … Read more