The LaSalle-Peru Township High School District #120, which encompasses parts of LaSalle and Bureau Counties in Illinois, successfully issued $9,760,000 General Obligation School Building Bonds, Series 2016 on December 28, 2016 and $26,195,000 General Obligation School Building Bonds, Series 2017 on February 21, 2017. The Bonds were approved by the voters of the District at […]
The Nokomis Community Unit School District #22 which encompasses parts of Montgomery, Christian and Fayette Counties in Illinois, successfully issued $4,950,000 General Obligation School Bonds, Series 2016 on June 23, 2016. The bonds were issued for the purpose of financing multiple District facility improvements. The improvements include roof repairs, HVAC repairs and improvements, plumbing upgrades […]
One of the core values as stated in the “Mission and Values” Statement of Bernardi Securities, Inc. is our commitment to continually educate our clients and keep them abreast of new developments in the municipal bond market. Therefore, we thought the following information may be useful to you. As many of you know, certain contractual agreements […]
By Matthew P. Bernardi According to the ICI Institute, municipal bond fund inflows amounted to $857 million for data ending February 24th.[1] This is now twenty-one straight weeks of inflows into municipal bond funds and we are on pace to see the highest annual inflows since 2012. Our firm’s separate account platform is experiencing a […]
Ronald P. Bernardi was quoted in InvestmentNews on February 4, 2016.
Market Update: As many market participants anticipated, on Wednesday, December 16th the Federal Reserve announced its first rate hike since 2006 increasing the fed funds rate to a range of 0.25% – 0.50%. Despite the news, municipal bond yields decreased during the fourth quarter with AAA 5-year, 10-year, and 20-year yields falling 2, 11, and […]
Market Update: As many market participants anticipated, on Wednesday, December 16th the Federal Reserve announced its first rate hike since 2006 increasing the fed funds rate to a range of 0.25% – 0.50%. Despite the news, municipal bond yields decreased during the fourth quarter with AAA 5-year, 10-year, and 20-year yields falling 2, 11, and […]
Eric Bederman, Chief Operating and Compliance Officer of Bernardi Securities, Inc. has been elected to serve on the FINRA District # 8 Committee. He will serve alongside six other individuals representing District # 8 member firms. Eric is one of two on the Committee serving as Small Firm Representative. He was elected by voting […]
City of Worchester successfully issued $41.492 Million of Series 2015A General Obligation Municipal Purpose Bonds. The Bonds are rated AA-minus by S&P, Aa3 by Moody’s, and AA-minus by Fitch. The Bonds are being issued for the purpose of financing capital projects. The Series A Bonds are valid general obligations of the City of Worcester, […]
The Village of Melrose Park, Illinois successfully issued $8,910,000 General Obligation Refunding Bonds, Series 2015 on April 14, 2015. Located in Cook County, Illinois, the Village has a population of approximately 25,411. The 2015 Bonds were issued to refund the Village’s outstanding General Obligation Tax Increment Bonds (Alternate Revenue Source), Series 2002A, General Obligation Tax […]