Basis Points – Reinvest Market Update November 2023

In the past several weeks the market has seen large downward movements in both taxable and tax-exempt interest rates. Nevertheless, the treasury yield curve continues to remain inverted – particularly on the front end – and it continues to be a good time for issuers to benefit from reinvesting bond proceeds and locking in higher short-term investment rates

For tax-exempt borrowers who are coming to market with new money issuances, or have outstanding unspent bond proceeds, we strongly encourage you to consider the most efficient reinvestment options. Below we show current reinvestment rate indications. For a more tailored indication to your specific fund(s) or to discuss the risks and benefits associated with these structures, please reach out to Georgina Walleshauser or your Blue Rose advisor.

Average Life	GIC	Repo	Portfolio
1-year	5.30%	4.75%	5.10%
2-year	4.95%	4.45%	4.55%
3-year	4.70%		4.35%

Georgina Walleshauser, Vice President | 952-746-6036

Georgina Walleshauser joined Blue Rose in 2017 as a Junior Quantitative Analyst. She has vast expertise in providing modeling, analytics, market data, and research in support of the delivery of capital planning, debt and derivatives advisory, and reinvestment services to our clients. As Vice President, she manages a number of the firm’s clients and ensures that transactions run smoothly through closing. She specializes in analyzing and assessing reinvestment strategies for clients, leading many of Blue Rose’s reinvestment transactions.

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