Entries by Matt Bernardi

Perspective for Advisors: Bonds are Back!

Jerome Powell and his Federal Reserve colleagues have begun taking steps to put the income back in fixed income assets, leading to one of the worst bond market drawdowns in the past forty years.  Rates have spiked as the Fed has made a rapid about-face in its monetary policy approach. Concurrently, municipal yields are up […]

Municipal Market Update – Bonds are Back!

Jerome Powell and his Federal Reserve colleagues have begun taking steps to put the income back in fixed income assets, leading to one of the worst bond market drawdowns in the past forty years.  Rates have spiked as the Fed has made a rapid about-face in its monetary policy approach, as it aims to quell […]

Intermediate-Term Taxable Strategy – Bernardi Asset Management Awarded Top Guns Designation

Northfield, IL November 2021 — Bernardi Asset Management (BAM), a wholly owned subsidiary of Bernardi Securities, Inc. (BSI) has been awarded a PSN Top Guns distinction by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. This award was for BAM’s Intermediate-Term Taxable strategy. This is the second Top Gun […]

Market Summary & Relative Value of (Municipal) Bonds

The two main ingredients determining long-term bonds yields are future growth and inflation expectations. Yields have dropped significantly the past number of months as investors have come around to the Fed’s view of high inflation as transitory and the expectation of muted long-term growth projections. Over the past four months, the 10-year Treasury Note has […]

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Municipal Bond Past, Present & Future | 2020’s Stress Test and What Lies Ahead

The past year and half presented many challenges, but also a multitude of silver-linings and learning experiences. Within the municipal bond market, the experience verified the sector’s overall creditworthy reputation and balance sheet sturdiness. Federal monetary and fiscal policy intervention certainly have helped, though most states projected balanced budgets prior to the latest round of […]

Taylorville, IL Community Unit School District No. 3 | $12,875,000 General Obligation Limited School Bonds, Series 2021A and $8,435,000 Taxable General Obligation School Refunding Bonds (Alternate Revenue Source), Series 2021B

Municipal bond financing offers a stable and reliable source of low cost funding for communities across our country as they work to improve their local infrastructure base and create jobs. Today, more than ever before, our communities need a healthy and vibrant municipal bond market to help them grow and prosper.     Taylorville, IL […]