APA is Dedicated to excellence in fixed income Portfolio Management.

APA Ranked by Financial Times for Top 300 Register Investment Advisers

Kevin Woods, Principal, quoted in Debtwire Municipals Article on Puerto Rico

Government Development Bank for Puerto Rico trading follows inverted yield curveFeb. 5, 2014 Trading on bonds backed by the Government

Charles Doty Ranked by Barron’s for “America’s Top 100 Independent Financial Advisors”

Charles Doty Named One of the Nations' Top Independent Financial Advisors for the Third Consecutive Year. Atlanta, Georgia, August 26,

Kevin Woods Quoted in WSJ Online

April 16, 2013, 4:21 p.m. ET Birmingham Water Offers Muni Deal at Punitive RatesBy Kelly Nolan ..... Kevin Woods, principal

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APA’s Insights on Current Market Conditions

June 20, 2013

Municipal Credit Update

September 04, 2012

Credit research. How has the game changed?

May 30, 2012

APA Addresses Investors Concerns with the Recent Volatile Market

Beginning with his remarks May 22nd before a Congressional committee and again on June 19 at a press conference following

APA Special Market Report

Interest Rates and Municipal Bonds Headlines declaring the end of the 30 year bull market for bonds coupled with May’s

APA’s Response to Stockton Bankruptcy

On June 27, 2012, the City Council of Stockton, California voted 6 -1 to adopt a spending plan for operating

Asset Preservation Advisors

Asset Preservation Advisors (APA) is a registered investment advisor founded in 1989.  APA specializes in managing high quality tax-exempt and taxable municipal bond portfolios for other registered investment advisors, family wealth offices and institutional clients.

APA Commentaries

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APA Market Commentary – May 2014

Trading Markets Yield Curve Flattens, Supply Remains Weak Investors searching for additional yield and the tax advantages of the municipal market continue to push the muni yield curve flatter and tighten credit spreads. Additionally, the release of disappointing GDP data in April, which grew by only .1% in the first quarter, helped to fuel a rally in the fixed income markets. The municipal market saw the spread on the AAA 10-year yield curve tighten 11 basis points while the rally was even more pronounced in the high income sector. This compression in quality spreads is easily seen by looking at

APA Market Commentary – April 2014

Trading Markets Yellen Speaks, Market Reacts The Federal Reserve Chairman, Janet Yellen, indicated at a press-conference on March 19th, that the Fed could start raising interest rates as soon as six months after it was done winding down the quantitative easing (QE) program. Her comments, coupled with current economic data, led to a significant flattening of the municipal yield curve during the month of March. The 5YR AAA MMD scale ended the month 31 basis points (bps) higher from February, while the 30YR MMD moved down 7 bps. 2014 started with one of the steepest yield curves in recent memory