PUBLIC FINANCE TRENDS
Interest Rates and Bond Insurance
The graph above left compares Bloomberg AAA municipal rates from 7/9/19 with those from early May, the last edition of this newsletter. Interest rates continue to fall in 2019 with rates now lower by as much as 0.33% in just two months. The graph above right compares an underlying AA credit with an insured AA (A- underlying) credit.
by Laura Fox
View Full List of 2020 Articles
by Laura Fox
PMA’s Wisconsin Team Welcomes Erik Kass
Milwaukee, Wis. – February 3, 2020- PMA Securities, LLC (“PMA”) is pleased to announce the addition of Erik Kass to our Wisconsin team.
Mr. Kass joins PMA with nearly 17 years of experience in the financial industry. He has worked with multiple school districts throughout Wisconsin, managing budgets and developing financial strategies.
by Laura Fox
PMA Financial Reaches Agreement to Acquire Miles Capital
Naperville, Ill. – January 29, 2020- PMA, a premier full-service provider of comprehensive financial and investment advisory services to municipalities, school districts, local government pools, and insurance companies announced today that it has reached a definitive agreement to acquire substantially all of the assets of Miles Capital, Inc. (“Miles Capital”) from Chairman and principal owner David Miles and other employee owners and investors.
by Laura Fox
FEATURED MARKET DATA
Financial Market Fallout
Coronavirus fears and anticipated impact on the global economy have driven large market moves. As of March 6th, the S&P 500 has declined nearly 13% from its closing price on February 19th.
by Laura Fox
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Coronavirus Expected to Slow Global Growth
An announcement in the last week of January that major U.S. airlines will suspend flights to China for an extended period is unprecedented during peacetime.
by Laura Fox
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Strong Returns Across Asset Classes in 2019
Following a difficult end to 2018, investors enjoyed very strong investment returns across all asset classes in 2019. Actions by the Federal Reserve were the primary catalysts for pushing both stock and bond prices substantially higher.
by Laura Fox
Market returns have disappointed thus far in 2018 as a combination of fundamental and technical factors have negatively impacted asset values.
by Laura Fox
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Markets Seeing the Bright Side
As discussed below, November saw mixed economic data. Markets, though, seemed focused on the positive news with safer Treasuries selling off in favor of increased buying in equity markets.
by Laura Fox
PMA Expands LGIP Services into Nebraska
Naperville, Ill. – December 3, 2019- PMA Financial Network, LLC, PMA Securities, LLC and Prudent Man Advisors, LLC (“PMA”) are pleased to announce that as of December 2, 2019, by a vote of the Board of Trustees of the Nebraska Public Agency Investment Trust (NPAIT), the PMA team is now serving as the Administrator and Investment Advisor, in addition to Marketer (effective November 1st), of the NPAIT program.
by Laura Fox 