Blue Rose Advisors Blog
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
Our Additional Advisory Services include Investment Consulting Search Services
Blue Rose is ready to assist your organization in vetting and selecting an investment consulting service provider for your endowment or other investment portfolio. Whether you are interested in a non-discretionary or discretionary relationship, we can help you by taking on the administrative burden of the RFP process, including designing the RFP document package, distributing to providers, analyzing the responses and fee structures, and aiding in the selection
Wondering how else Blue Rose can assist your organization?
Wondering how else Blue Rose can assist your organization? Check out our Additional Advisory Services
Basis Points – Reinvest Market Update
The Federal Reserve raised interest rates again last month by 0.25% and we continue to see a significantly inverted treasury yield curve. As a result, issuers can benefit from reinvesting bond proceeds and lock-in higher short-term investment rates
What can Blue Rose offer when it comes to reinvestment services?
Blue Rose consistently produces economic benefits to our clients through the competitive bidding of qualified investments for bond funds and open market securities for escrows
Reinvestment advisory services – How can Blue Rose help?
Blue Rose Capital Advisors offers comprehensive reinvestment services that span debt defeasance or dissolution and advance refundings
Derivatives Advisory Services – LIBOR Transition
Wondering how Blue Rose can assist with your LIBOR transition? Check out our derivatives advisory services to learn more
Blue Rose – Derivatives Advisory
Blue Rose Capital Advisors provides the expert guidance and transparency required to execute derivative solutions. From interest rate swaps to other derivative products, we can deliver an innovative solution for almost any given debt scenario. In combination with the derivatives valuation, hedge accounting, and reporting services of our affiliate, HedgeStar, Blue Rose helps our clients strike the right balance between risk and future economic certainty
Laura Klingelhutz joins Blue Rose Capital Advisors as Marketing Generalist Intern
We are pleased to announce that Laura Klingelhutz has joined the Blue Rose team as a Marketing Generalist Intern for the summer. Laura will be assisting our team with digital marketing efforts, marketing research and event planning
Debt Advisory – What Can Blue Rose Offer?
Debt Advisory – Blue Rose can provide guidance through pre-financing, financing execution, and post-issuances services to support debt issuances by tax-exempt and taxable borrowers. We approach every transaction with the goal of reducing our clients’ overall financing costs. Our independence, expertise, and advocacy enable us to favorably impact their borrowing rates and debt service
The Shield: March 2023 LIBOR Update
LIBOR cessation is now just three months away (June 30, 2023), and most of the transition process appears to be going to plan. SOFR continues to be the primary index utilized for the transition of variable rate loans, especially in cases where a synthetic fixed rate structure exists
The Shield – ESG-Labeled Bonds: Can They Deliver “Greenium?”
With the tremendous buzz around the political, social, and economic factors at play around ESG (“Environmental, Social, and Governance”) bonds and their evolving status, it can be daunting for muni bond issuers that may want to enter this niche of the capital markets. The municipal bond market is, in fact, undergoing a period of change on how it both grapples with and takes advantage of ESGs
The Shield: End of Summer Market Update
Julia Cain Joins Blue Rose Capital Advisors as an Analyst
Richa Sharma Joins Blue Rose Capital Advisors as an Analyst
Understanding Private Activity Bonds in the World of Municipal Bonds
In the Midst of Ongoing Market Volatility, Find Certainty with Fixed Rate Reinvestment
The Shield – Leveraging Debt for Campus Improvement
Interest Rate Swaps: An Effective Risk Management Tool
Looming Uncertainty for the Higher Education Sector at the Dawn of the Second Trump Administration
Series 50 and Series 54: The Path to Becoming a Municipal Advisor
