Bernardi Securities, Inc. covers municipal bond market topics in three types of research publications – the President’s Letter, Market Update and Market Commentary. For research on specific credits, please contact us.

President's Letter - January 2012
	Back To Municipal Bond Basics 2011 began with a tumultuous municipal bond market – the result of Ms. Whitney’s December prediction. Investors withdrew approximately $14 billion from municipal bond funds between December 22, 2010 and February 2, 2011 as bond yields increased and prices declined sharply. Many worried investors sold quality bonds during this period. Read More

Webinar
	Municipal Bonds in 2011: A Bond Market in Turmoil Sensational news stories of a looming municipal debt crisis - many warranted, many overblown - rang in the New Year. A few months later, uncertainty still overshadows the municipal bond market. During our webinar back in May, we discussed the critical topics in 2011. View Webinar

Roundtable
	Municipal Bankruptcy & Disclosure Recent media coverage of municipal bankruptcy and disclosure has been unnerving for many investors. Our roundtable discussion provides a basic understanding of these two topics at the forefront of municipal bond investing – and why credit analysis is more important than ever. View Video

 

December 2011 Market Commentary	Popular Topics
Municipal Bonds Surge Into the New Year The month of December saw a surge in demand for municipal bonds coupled with a paltry supply. We look for this dynamic to continue into the early part of 2012, keeping municipal bond rates at or near current levels. Read More More Market Commentaries	Municipal Default & Disclosure Build America Bonds Interest Rates Credit Research Bond Insurance & Ratings Bond Portfolio Management Portfolio Liquidity Inflation/Deflation

Other resources to help you understand municipal bond investing: Glossary - Learn more about fixed income terms, market jargon and descriptions in our comprehensive dictionary Educational Library - Find answers to the most commonly asked questions about bonds and the industry Ratings - Understand how the industry rates and insures bonds Calculators - Understand your investments more precisely with yield and comparison calculators