Blue Rose Advisors Blog
Giving Back and Giving Thanks…An Adapted (or New?) Blue Rose Tradition
“Service” is one of Blue Rose’s six core values. We emphasize this value not only in our daily work of providing expert advice to our clients, but also look to provide opportunities for our team members’ natural gratitude to shine through annual service projects
John Elliott joins Blue Rose Capital Advisors as Associate
Blue Rose Capital Advisors announces that John Elliott has joined the firm. He will work in the newly established California office as an Associate
Basis Points – Future Opportunities with Cash Funded Escrows
The recent closure of the SLGS window combined with the extremely low interest rates on the front end of the yield curve has created a situation for small issuers in which it may be more cost effective, after fees, to cash fund an escrow rather than purchase a portfolio of open market Treasury securities
Blue Rose’s Brandon Lippold, promoted to Assistant Vice President
Mr. Lippold joined Blue Rose as a Quantitative Analyst, 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 in 2018
Moody’s Releases Revised Higher Education Rating Methodology; More Transparency Yet to Come
Last week on August 4th, Moody’s released the final version of their revised rating methodology for the higher education sector. This new methodology applies to all higher education institutions globally, including both public and private colleges and universities, technical schools, and community colleges
The Shield – Pending SLGS Window Closure
The debt ceiling for the United States is currently suspended until July 31 and at that time, it will be set to the amount of debt on that day. Once that new limit is set, by design, the Treasury department will be legally prohibited from incurring any additional debt
Ben Pietrek joins Blue Rose Capital Advisors as Analyst
Blue Rose Capital Advisors announces that Benjamin Pietrek has joined the Minneapolis office as an Analyst. Mr. Pietrek will be working on the analyst team reporting to Max Wilkinson, Assistant Vice President
Special News Alert – Pending SLGS Window Closure
The debt ceiling for the United States is currently suspended until July 31 and at that time, it will be set to the amount of debt on that day
Basis Points – Debt Service Reserve Funds in the Current Market
In the current market, debt service reserve funds create negative arbitrage for issuers due to the difference in available investment rates for the reserve fund and the borrowing rates of the bond transaction
The Shield – Inflationary Pressures – Are They Real?
Today’s popular economic narrative says to expect a strong recovery, with rising inflation at the same time. However, if we go into a recovery and inflation takes off, it is likely we would have a truncated recovery
Basis Points – Refunding Escrows
Do you want to learn more about refunding escrows, especially with a SLGS window closure expected this summer? Blue Rose has experience in structuring, restructuring, and procuring open market escrow portfolios
Basis Points – SLGS Window Reclosing?
As we’ve written previously, the debt ceiling for the United States is currently suspended until July 31, 2021, and at that time, it will be set to the amount of debt on that day
The Shield – Recent Market Events & Headlines You May Have Missed…
Highlighted here are some tidbits that you may find of interest as your organization establishes or advances its 2021 and/or longer-term capital plans
The Shield – Special News Alert
Recently, Moody’s released a proposed update to their higher education rating methodology
Basis Points – LIBOR Phase-out Update
During the webinar, we discussed several legislative initiatives intended to cover legacy financial instruments that do not include fallback language and are not subject to the ISDA 2020 LIBOR Fallbacks Protocols
Review of Rating Agency Outlooks on the Higher Education Sector in 2021
Faced with unprecedented disruptions to “status quo” methods of operation last March, colleges and universities have adapted admirably on the fly, shifting students to remote or hybrid learning solutions while managing expenses to compensate for revenue losses from various sources, including housing and auxiliaries, athletics, and overall headcount
The Shield: March 2021 Municipal Market Update
Since we published our 2020 Mid-Year Market Update last June, the financial markets have calmed down from the historic turbulence experienced as a result of the COVID-19 pandemic
SPECIAL NEWS ALERT
As the market anticipated, the British Financial Conduct Authority formally announced this morning that all LIBOR tenors in multiple currencies will be discontinued or become non-representative
Basis Points: Benefit of OMS to SLGS in a Positively Sloping Yield Curve Environment
In the current market, the yield curve is no longer inverted and in fact is steeper than it has been during the past four years
Basis Points – Recent Developments in the Repo Market
In the past, Blue Rose has written about the use of Guaranteed Investment Contracts (“GICs”) and compared them with Flexible Repurchase Agreements (“Repo”)
The Shield – Key Public Finance Themes for 2021
It is just one month into calendar year 2021 and we are already seeing themes of the coming year emerge. Highlighted below are three themes to which our team is paying particularly close attention
Blue Rose’s Max Wilkinson promoted to Assistant Vice President
Mr. Wilkinson provides in-depth modeling, research, and analytics in support of the delivery of capital planning, debt and derivatives advisory, and reinvestment services to our clients
2020 Looking Back – Looking Forward
Capital markets in 2020 were defined by the same factors that affected our everyday lives: pandemic related ups and downs, stabilization with fiscal stimulus, and improving sentiment over the summer, an unforgettable presidential election, and hope-inspired relief from a vaccine
Basis Points: LIBOR Fallback Protocol – Should you adhere?
As regular readers of Basis Points are aware, the London Interbank Offering Rate (LIBOR) is expected to be phased out and replaced with the Secured Overnight Financing Rate (SOFR)
Gaining Liquidity by Liquidating Long-Dated Investment Contracts
Prior to the financial crisis, long-term interest rates were significantly higher than where they are currently. The graph below shows the decline of the 20-year LIBOR swap rate (as a proxy for long-term interest rates) since January 2007
Blue Rose Capital Advisors LLC is Excited to Announce Its Partnership with Excelsior Capital Advisory Services LLC
Blue Rose Capital Advisors is Presenting at the WHEFA Lunch & Learn Webinar
FAFSA Delays and SIFMA Index Volatility Among Key Market Considerations to Open 2024
Basis Points: Market Update for March 7, 2024
Lily Greenway Joins Blue Rose Capital Advisors as an Analyst
Blue Rose’s Scott Talcott Earns CTP Certification
Basis Points: The Slope of the Yield Curve and How it Affects Refunding Escrows
Katie Auren Joins Blue Rose Capital Advisors as Controller
The Shield – Looking Back, Looking Ahead
