Entries by Matt Bernardi

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 […]

Perspective for Advisors: Muni Duration & Sharpe Ratio Analysis

Municipal bonds are known for their credit preservation characteristics (and certainly have proved their worth during today’s crisis), but another less known attribute of the asset class is their ability to mitigate duration.1 Duration is one of the primary measures of risk for a bond portfolio and certainly a focal point for today’s portfolio managers. […]

City of Waukegan | Lake County, Illinois | $12,815,000 General Obligation Bonds, Series 2021A and $31,180,000 General Obligation Bonds, 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.   City of Waukegan […]

2021 Municipal Outlook and Year-end Review

Apparent Risk in Municipal Bond Land In December 2019 we released Unapparent Risk in Municipal Bond Land which recapped a solid year of performance and warned investors of the underlying risks within the municipal market. We did not expect those risks to come to fruition so quickly, but they certainly became apparent three months later […]

Perspective for Advisors: Opportunity in Taxable Municipal Bonds

Taxable municipal bonds (taxable at the federal – and oftentimes state – income level) have historically lacked investors’ attention due to limited supply and presence in a market dominated by investors seeking non-taxable income. Supply has skyrocketed in recent years due to aspects of the 2017 tax reform bill, low nominal interest rates and a […]

City of Black River Falls | Jackson County, Wisconsin | $2,690,000 Electric System Revenue Bonds, Series 2020A

City of Black River Falls | Jackson County, Wisconsin | $2,690,000 Electric System Revenue Bonds, Series 2020A    In November 2020, Black River Falls, WI issued tax-exempt bonds to provide funds for the public purpose of financing improvements and extensions to the city’s electric system. Bernardi Securities was proud to serve as the sole underwriter […]

High Income Municipal Strategy – Bernardi Asset Management Named Top Guns Manager by Informa Investment Solutions

Chicago, IL May 2020 —Bernardi Asset Management (BAM), a wholly owned subsidiary of Bernardi Securities, Inc. (BSI) has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers. This award was for BAM’s High Income Municipal, Short-Term Taxable, and Intermediate-Term Taxable strategies.  This is […]