Budgetary Relief with Interest Rate Swaps
By Samuel Gruer As a result of the economic slowdown caused by the COVID-19 pandemic, many budgets are strained and borrowers continue to...
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Blue Rose Marketing
May 8, 20202 min read
Restructuring Escrows with Pre-Refunded Municipal Securities
By Georgina Walleshauser As many of you are aware, interest rates on US Treasury securities have recently fallen significantly....
Blue Rose Marketing
May 1, 20202 min read
Basis Risk Between SIFMA and LIBOR in the Current Market
By Georgina Walleshauser Many issuers with outstanding variable rate demand bonds (“VRDBs”) have been closely tracking the SIFMA index in...
Blue Rose Marketing
Apr 24, 20202 min read
Hedging Treasuries in an Uncertain Market
By Samuel Gruer, Managing Director Many higher education institutions and other borrowers in the municipal market are enticed by the low...
Blue Rose Marketing
Feb 28, 20202 min read
Money Market Funds vs. Laddered Portfolios Part 1: Market Expectations
By Georgina Walleshauser Blue Rose recently has seen many issuers contemplate whether to reinvest their bond proceeds in a money-market...
Blue Rose Marketing
Dec 30, 20192 min read
Benefiting From A Longer Duration In An Inverted Yield Curve Environment
By Georgina Walleshauser Generally, in a positively sloped yield curve environment, issuers benefit from investing the bond proceeds in...
Blue Rose Marketing
Nov 26, 20192 min read
Utilization of a Laddered Portfolio Investment Strategy for Debt Service Reserve Funds
By: Georgina Walleshauser Recently, some of our clients have been utilizing a “rollover” laddered portfolio investment strategy for their...
Blue Rose Marketing
Oct 31, 20193 min read
Comparing SLGS and OMS Escrow Portfolios in the Current Market
By: Georgina Walleshauser By design, the yields on State and Local Government Series (SLGS) securities are slightly lower than the yields...
Blue Rose Marketing
Sep 30, 20193 min read
New Tax Considerations for Taxable Advance Refundings
By: Samuel Gruer The National Association of Bond Lawyers (NABL) held a conference this month where a panel entitled “Tax Hot Topics”...
Blue Rose Marketing
Aug 30, 20192 min read
Taxable Advance Refunding Transactions
By Samuel Gruer No doubt many of you are contemplating or exploring the feasibility of a taxable advance refunding for your borrower...
Blue Rose Marketing
Jul 31, 20191 min read
July Budget Agreement Could Reopen SLGS Window
By: Georgina Walleshauser __________________________________________________________________________________
Blue Rose Marketing
Jun 30, 20192 min read
June 2019 Capitalizing on a Flat Yield Curve: Floating Rate Guaranteed Investment Contracts
By: Georgina Walleshauser The shape of the yield curve in the current market continues to remain relatively flat, with minimal...
Blue Rose Marketing
May 31, 20192 min read
Negative Arbitrage in Project Funds
By: Sam Gruer We recently completed a reinvest transaction for a Blue Rose client who had a rather short-dated project fund, with a final...
Blue Rose Marketing
Apr 30, 20192 min read
Recapturing Inefficiencies in Escrows
By: Georgina Walleshauser Every month, U.S. Treasury securities are auctioned to determine their appropriate yield. New shorter-term...
Blue Rose Marketing
Mar 31, 20191 min read
The SLGS Window is Closed…Now What?
By: Georgina Walleshauser With the SLGS window currently closed and expected to remain so for several more months, issuers of current...
Blue Rose Marketing
Feb 28, 20192 min read
GICs: What’s the Trade-off?
By: Georgina Walleshauser At Blue Rose, we’re often asked about the usage of Guaranteed Investment Contracts (“GICs”) and the trade-off...
Blue Rose Marketing
Jan 31, 20192 min read
SLGS Window to Close in March
By: Georgina Walleshauser The debt ceiling for the United States is currently suspended until March 1, 2019 and at that time, it will be...
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