Videos
BAM Sponsors New “Muni Money” Segment on CNBC

BAM is partnering with CNBC to raise awareness about the municipal bond market through a new regular “Muni Money” segment. For the first report, Tom Kozlik from Hilltop securities was interviewed by host Kelly Evans about the recent trend of strong inflows to municipal bond mutual funds, despite the ongoing concerns about whether the Federal … Continue reading "Muni Yields Continue to Rally: July 31 Weekly Update"

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Muni Yields Continue to Rally: July 31 Weekly Update

Lower interest rates globally and continuing strong technicals in the tax-exempt market drove municipal yields lower this week, setting the stage for more issuers to save money with tax-exempt and taxable refinancings. BAM insured $140 million this week, and is on tap for more than $300 million of sales in…

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BAM Sponsors New “Muni Money” Segment on CNBC

BAM is partnering with CNBC to raise awareness about the municipal bond market through a new regular “Muni Money” segment. For the first report, Tom Kozlik from Hilltop securities was interviewed by host Kelly Evans about the recent trend of strong inflows to municipal bond mutual funds, despite the ongoing…

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Municipal Bonds and COVID-19: Frequently Asked Questions

States and local governments across the U.S. are taking aggressive steps to limit spread of the novel coronavirus and curb cases of COVID-19. Build America Mutual Chief Credit Officer Suzanne Finnegan discusses the potential implications of these steps for municipal bond credit quality, and explains how BAM’s $62 billion insured…

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The CARES Act: Implications for Municipal Credit Analysis

Build America Mutual Chief Credit Officer Suzanne Finnegan discusses key provisions in the CARES Act that are likely to have an impact on credit quality in the municipal bond market, and also highlights the areas where additional Federal assistance is needed.

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How COVID-19 Impacts Public Pension Risks

Build America Mutual Pension Actuary Les Richmond explains how investment losses associated with the COVID-19 pandemic are likely to impact public pension funding ratios and why individual states and cities may see significantly different outcomes — forcing municipal bond investors to carefully consider the implications for their specific holdings.

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How an Arkansas City is Financing Sustainable Water and Sewer Improvements

Hot Springs, Ark., is selling $160 million of green bonds to finance improvements to its water and wastewater utilities that will improve water quality, and reduce waste and pollution. Learn more about the financial terms of the bonds from VP Alexis Platis in Build America Mutual’s latest Credit Insights Video.

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Understanding the Financial Strength of a Coastal California School District

The Pajaro Valley Unified School District is selling $50 million of taxable bonds to refinance existing debt sold to finance capital projects. Learn more about what BAM’s analysts looked for to determine the financial strength of the District.

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Birmingham Airport Sells Bonds that Provide Long-Term Savings

Alabama’s largest airport is selling bonds that will refund existing debt and help reduce its fixed costs over the long term. Learn more about the credit fundamentals of the airport and how air-travel disruptions could impact it in BAM’s latest Credit Insights Video.

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Muni New-Issue Backlog Continues to Shrink: June 26, 2020 Weekly Update

Stable yields on high-grade municipals and surging demand across the credit spectrum have allowed issuers and underwriters to work through a substantial number of the transactions that were moved to the “day-to-day” calendar in March and April. BAM again insured more than $300 million of new issues, including several significant…

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Clarence Anthony Gets REAL: Leveraging Data to Achieve Equity in the Budget Process

National League of Cities CEO Clarence Anthony discusses the NLC’s Race, Equity, and Leadership (REAL) initiative, which was launched to help local leaders respond to racial inequities in their communities, and highlights how cities’ budget decisions can be important drivers in building more just communities.

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Clarence Anthony Gets REAL: COVID-19 and the Cities are Essential Campaign

National League of Cities CEO Clarence Anthony discusses how his members — elected officials representing more than 19,000 communities nationwide — are grappling with the budgetary and community challenges posed by the COVID pandemic, and how NLC’s Cities are Essential campaign is designed to help.

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How a California School District is Providing Workforce Housing … and Solid Investments

The Jefferson Union High School District is borrowing $40 million to finance a new, 122-unit apartment complex for its teachers and other staff, but the structure of the deal protects investors from the project’s startup risks. Learn more about the security for the COPs in BAM’s latest Credit Insights Video.