Blue Rose Advisors Blog
Blue Rose Capital Advisors LLC is Excited to Announce Its Partnership with Excelsior Capital Advisory Services LLC
Blue Rose Capital Advisors LLC is excited to announce its partnership with Excelsior Capital Advisory Services LLC. Blue Rose, an independent municipal advisor to higher education and non-profit organizations, will serve as a co-advisor with Excelsior in providing various capital planning and debt-execution advisory services to Excelsior’s clients
Blue Rose Capital Advisors is Presenting at the WHEFA Lunch & Learn Webinar
Blue Rose Capital Advisors Erik Kelly, President, and Brandon Lippold, Vice President, will present at the Wisconsin Health and Educational Facilities Authority (WHEFA) Lunch & Learn Webinar on March 26, 2024
FAFSA Delays and SIFMA Index Volatility Among Key Market Considerations to Open 2024
By now, colleges and universities are quite familiar with the unique challenges that changes to the FAFSA (Free Application for Federal Student Aid) pose to financial aid offices for 2024-25. Typically available to prospective students beginning in October, the Department of Education delayed the new FAFSA rollout until late December for this admission cycle
Basis Points: Market Update for March 7, 2024
Based on the Federal Reserve’s sentiments and economic data, the market is still expecting to see fed fund rate cuts this year – with fed fund futures pricing in 3-4 cuts before 2025
Lily Greenway Joins Blue Rose Capital Advisors as an Analyst
Ms. Greenway holds a Bachelor of Economics, Public Policy & Sustainability from the University of New Hampshire and she is currently working towards a Master of Public Administration with a specialization in Public and Nonprofit Finance from New York University. Prior to Blue Rose, Ms. Greenway worked for HEPCO Capital Management, LLC, where she analyzed quarterly reports, conducted capital market research, and lead investor relationships for various sectors
Blue Rose’s Scott Talcott Earns CTP Certification
Mr. Talcott joined Blue Rose in 2016 and provides financial advisory services to the firm’s clients with respect to the planning and execution of all types of debt, derivative, reinvestment, and P3 transactions. He specializes in analyzing and assessing financial strategies from both a quantitative and qualitative standpoint to assist clients in selecting the most efficient use of capital that best aligns with their strategic goals and objectives
Basis Points: The Slope of the Yield Curve and How it Affects Refunding Escrows
While the term “normal yield curve” refers to a positively sloping yield curve, the marketplace has become accustomed to an inverted yield curve for quite some time
Katie Auren Joins Blue Rose Capital Advisors as Controller
Ms. Auren has more than 15 years’ experience working in various aspects of accounting, most recently serving as Senior Accountant at Blu Dot Manufacturing and Design. Her previous roles also include Controller for Penn Strategic Imports and Accounting Manager at Global Tax Network
The Shield – Looking Back, Looking Ahead
In 2023, we had the opportunity to positively impact numerous higher education institutions, non-profits, and governmental entities advising on matters related to long-term capital planning, capital markets access, interest rate hedging programs, alternative financing solutions, the investment of bond proceeds, budget process improvements, and many other unique projects
Blue Rose’s Benjamin Pietrek Promoted to Associate
Mr. Pietrek joined Blue Rose in 2022 as an Analyst, providing analytical, research, and transactional support to the lead advisory team serving higher education, non-profit, and government clients with debt advisory, derivatives advisory, and reinvestment advisory services
Laura Klingelhutz Joins Blue Rose as Marketing Coordinator
Ms. Klingelhutz joined Blue Rose and sister-company HedgeStar in 2022 as Marketing Generalist Intern and became the Marketing Generalist part-time in 2023, aiding with digital marketing, event planning, and market research efforts.
Blue Rose Capital Advisors – Holiday Event 2023
To celebrate our year together as a company, Blue Rose Capital Advisors, along with sister company HedgeStar, joined together for our annual holiday event. We enjoyed time volunteering at Feed My Starving Children, exchanging gifts in a white elephant gift exchange, and practicing our curling skills at the Chaska Curling Center
An Introduction to Our Outstanding Additional Advisory Services
Whether applying our own expertise to tricky problems or assisting clients who are either temporarily or perpetually short-staffed, we provide a wide array of tailored services to a range of institutions
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
Benefits of Positive Arbitrage
A significantly inverted treasury yield curve with elevated short-term rates continues to persist in the market. As a result, many issuers and conduit borrowers are finding the opportunity to earn positive arbitrage on their bond proceeds
The Shield – Third Quarter Market Update
The third quarter of 2023 has seen significant market movements and much uncertainty around the United States’ economic outlook for 2024 as the Federal Reserve attempts to steady inflation. Absolute yields as well as credit spreads have widened meaningfully across the credit spectrum
Reinvest Market Update – Basis Points
The Federal Reserve held interest rates constant at this month’s FOMC meeting, yet we continue to see a significantly inverted treasury yield curve with elevated short-term rates. The one-year treasury rate has increased over 100 basis points in the past 6 months. As a result, issuers can benefit from reinvesting bond proceeds and lock-in higher short-term investment rates
Blue Rose Capital Advisors Annual Meeting 2023
Each year, the Blue Rose team convenes alongside our affiliate company, HedgeStar, for an in-person meeting to celebrate the achievements and milestones we’ve made throughout the year
The Shield – Final LIBOR Transition Update
LIBOR cessation occurred as scheduled on June 30th of this year and most variable instruments that historically referenced LIBOR should now reference a different index. Depending on your last reset period, your debt instruments could still be utilizing a LIBOR rate for your current interest accrual period, however, with interest accrual periods thereafter referencing a different rate, likely some form of SOFR
Basis Points – Market Update August 2023
Fitch Ratings downgraded the United States’ long-term debt from AAA to AA+ on August 1st. This is the first rating downgrade the United States has faced in over a decade since S&P downgraded its credit rating from AAA to AA+ in August 2011. Both Moody’s and Kroll continue to hold a ‘AAA’ level rating equivalent for the United States
The Shield – Rating Agency Update: New S&P Criteria and FY2022 Medians
As we’ve passed the mid-year point in 2023, rating agencies have published higher education sector updates and median data for fiscal year 2022
Locking In Short-Term Rates for Reinvestment of Bond Proceeds
The Federal Reserve raised interest rates again this week by 0.25%, bringing borrowing costs to their highest levels in over 22 years. While it’s possible that rates could be increased again in the next Fed meeting in September, the current market census (according to the Bloomberg Weighted Average Fed Target Upper Bound economic forecast shown below) is that this rate hike may be the last increase in the near future
Basis Points- SLGS Window Reopened
President Biden signed the Fiscal Responsibility Act of 2023 bill this weekend, suspending the debt limit through January 1, 2025. As a result, the sale of State and Local Government Securities (SLGS) resumed yesterday, June 5th, as of 12pm ET
The Shield: 2023 First Quarter Market Update
After a whirlwind 2022, many had hoped for calmer markets in the first quarter of 2023. While the overall performance of the market was positive, the first few months of the new year were anything but calm. We saw stubborn inflation, substantial interest rate movement, and the first significant banking crisis since the great recession
Basis Points – Special Announcement SLGS Window Closed This Week
The government took the “extraordinary measure” of suspending the selling of State and Local Government Securities (SLGS) effective on May 2, 2023 at 10:00a.m. ET
Blue Rose Capital Advisors is Presenting at the “Leveraging Debt for Campus Improvement” Live Webinar
How Interest Rate Changes Impact Bond Reinvestment Decisions
Market Update: SLGS vs. OMS in the Current Market
Understanding Your Long-Term Credit Rating
The Key Role of Municipal Advisors in Pricing Bonds
The Shield – Blue Rose: A Trusted Advisor in an Uncertain 2025
Understanding Green Bonds
Blue Rose’s John Elliott Promoted to Vice President
Final Fed Rate Cut and Basis Points Market Update for 2024
