Entries by Thomas Bernardi

Finding Relative Value in the Municipal Market

Contagion risk is gripping society and financial markets alike. Year-to-date the S&P 500 is down nearly 15% while oil dropped 25% yesterday alone. Treasury bond yields have dropped precipitously and at one point every rung of the Treasury yield curve traded at a yield below 1%. The Fed attempted to provide reassurance on March 3rd […]

Market Update: June 30, 2016

By Thomas P. Bernardi We have provided some color about the current state of the bond market below: Worldwide interest rates have declined in the aftermath of the Brexit vote.  The bond market rally continued through Monday, June 27th, with the taxable 10-year U.S. Treasury yield declining to 1.43%.    The process of the UK […]