Entries by DWilson

Market Review – Fall 2015

Market Update: Municipal bond yields decreased during the third quarter with AAA 5-year, 10-year, and 20-year yields falling 10, 25, and 21 basis points, respectively. In mid-September, the Federal Reserve reaffirmed its view to maintain the target range for the federal funds rate of 0.00% – 0.25%. As a result of the Fed announcement, the futures […]

Market Review – Fall 2015

Market Update: Municipal bond yields decreased during the third quarter with AAA 5-year, 10-year, and 20-year yields falling 10, 25, and 21 basis points, respectively. In mid-September, the Federal Reserve reaffirmed its view to maintain the target range for the federal funds rate of 0.00% – 0.25%. As a result of the Fed announcement, the […]

Ronald Bernardi quoted in Bond Buyer 9/18/2015 Re: Issuance Costs Hit Small California School Districts Hardest

Ronald P. Bernardi was quoted in the Bond Buyer on September 18th, 2015. “Ron Bernardi, principal, president and chief executive officer of Chicago-based Bernardi Securities, said the report may not be representative of the muni market as a whole, as it’s based on a relatively small sample. While he acknowledged that costs have risen, Bernardi […]

Municipal Issuer Disclosure Guidance

Timely and complete disclosure of information is an important obligation of municipal bond issuers. Federal securities laws prohibit issuers from making false or misleading statements or omissions of material information in connection with the purchase or sale of securities.  Information that is considered material is generally considered information that an investor would want to know […]

Market Review – Summer 2015

Market Update: Municipal bond yields increased during the second quarter with AAA 5 year, 10 year, and 20 year yields rising 14, 32, and 34 basis points, respectively. Positive economic data, a surge in supply and anticipation of a rate increase by the Federal Reserve helped drive rates higher across the curve. Download PDF>

Municipal Bond Portfolio Management

Please call 312-281-2015 for more information about our municipal bond portfolio management process. Investing in today’s volatile municipal bond market requires highly specialized portfolio management. Since 1984 – in good markets and bad – the disciplined Bernardi Securities, Inc. approach to active municipal bond portfolio management has produced solid returns for clients. Bernardi serves investor […]

Market Review – Summer 2015

Market Update: Municipal bond yields increased during the second quarter with AAA 5 year, 10 year, and 20 year yields rising 14, 32, and 34 basis points, respectively. Positive economic data, a surge in supply and anticipation of a rate increase by the Federal Reserve helped drive rates higher across the curve. Download PDF>