“You could see 50 sizable defaults, 50 to 100 sizable defaults, more. This will amount to hundreds of billions of dollars worth of defaults.” – “60 Minutes”, Meredith Whitney commentary, December 2010 “The notion that many bond investors have that all municipal bonds are equally secure is at best, a silly one and at […]
The City of Kewanee, Illinois successfully completed a $3.755 million general obligation, alternate revenue source transaction on January 15, 2012. Located in northwestern Illinois, the city has a population of approximately 13,000 as of 2010 census data. The bonds were issued to provide funds for various infrastructure improvements including street repairs, sewer and water main […]
Bernardi Securities, Inc. was mentioned in the following news story – City gets a good deal on bond issue.
For Immediate ReleaseContact: Hud EnglehartBeacon [email protected] Chicago, IL, December 14, 2011– Citing a set of unintended, potentially adverse consequences, one of the Midwest’s leading municipal bond broker-dealers today called on legislators and policymakers to analyze all the facts before moving to eliminate tax exemptions for investors in the municipal bond market. “Tax-exempt municipal bonds are […]
After August outflows, the municipal bond market turned bullish once again in September with four weeks in a row of bond fund inflows – and the last week more than doubling the inflows of the previous week. The month also saw a couple of true superlatives. Biggest municipal bond fund inflow in a year Municipals […]
In this commentary, we will summarize where municipal credit quality has been, where we believe it is today, and what our clients should expect over the near term investment horizon. The municipal market began the year with a tumultuous first quarter, but managed a trend reversal during April and May before leveling off in June. […]
What Will it Mean to Municipal Bonds in 2011 and Beyond? As the economy expands, it is becoming clearer that we are nearing the end of the “easy money” policy that the Federal Reserve has pursued over the past few years. So what can we expect once the Fed starts raising interest rates? It’s important […]
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