BAM has insured more than $150 billion of #municipalbonds that fund essential public infrastructure for Schools, Water & Sewer Systems, and Transportation
Joined November 2013
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Jun 14
A $280 million sale to finance new student housing for freshmen at the University of Arizona leads this week's BAM-insured calendar. Learn more about how we analyzed the deal from Alex Vaisman in the latest #BAMCreditInsights video.
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Jun 12
Yields ended the week higher and cash inflows slowed, with #muniland investors re-assessing the impact of surging payrolls and higher inflation readings on their outlook for longer-term interest rates.
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Jun 5
The US economy created more than twice as many jobs as expected in May, sending Treasury yields higher as investors re-think the odds of a Fed rate hike. The news came on the tail end of another active week for new-issue #municipalbonds, including $300M of BAM-insured debt.
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Jun 5
Investors will be watching to see if that slows the active market for new-issue #municipalbonds -- next week's calendar tops $13B and includes $223M for @KeanUniversity in NJ. Check out the full Weekly Update here: youtu.be/wU1qdLLIs4w
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May 29
BAM's Chris Flosi summed up the trends that helped #muniland yields outpace Treasuries again this week: "Independent of what's going on in the world, everyone keeps coming in to look for that yield proposition from munis."
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May 29
Check out the full Weekly Update video, including a closer look at next week's BAM-insured calendar, here: youtu.be/1ALmiDvHgb0
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May 20
Thanks to @ICE_Markets for the opportunity to discuss BAM's data-guided approach to assessing the frequency and severity of Natural Hazard risks in #muniland ... and why credit analysts need to take a granular approach, looking at individual issuers and bond-security structures.
May 18
Larry Lawrence, Head of ICE Climate, recently sat down with Jamie Shilling, Deputy Chief Credit Officer at BAM Mutual, to discuss how BAM’s underwriting team uses the ICE Climate Analytics Platform to assess natural hazard risks over credit’s that can last 25-30 years. The discussion included:
▶️ How extreme weather events and natural hazards can directly impact muni bonds and local infrastructure
▶️ By integrating data-driven insights into their credit review processes, BAM can confidently evaluate and quantify local natural hazard vulnerabilities to better inform muni bond insurance underwriting decisions
Read more: spr.ly/6010BB4Pmy
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May 15
Fast-growing Georgetown, Tex., sold $375 million of #municipalbonds to finance water utility investments, including $300Mof BAM-insured bonds. Learn more about the issue and all of the week's activity in tax-exempts in the BAM Weekly Update.
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May 11
The Tidewater region's stable, military-focused economy helps drive strong underlying credit fundamentals for Norfolk International Airport, which tapped the #municipalbonds market for more than $130 million to finance a new consolidated rental-car facility.
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May 8
A wide range of #municipalbonds issuers accessed the market this week, tapping continued investor demand to raise $13 billion for essential infrastructure despite ongoing geopolitical turmoil. BAM insured $600M , led by $125M for @ChicagoWater and $128M for @norfolkairport
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May 1
Veteran #municipalbonds markets expert Phil Moos makes his debut on the BAM Weekly Update video, recapping a week when tax-exempt yields edged higher as investors wrestled with uncertainty about the outlook for the economy and FOMC rate policy.
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Apr 27
Today's the day! BAM's NYC office is relocating to 28 Liberty Street, 59th Floor.
What's not changing? Our focus as the only financial guaranty insurer
focused exclusively on the low-risk public finance sector.
Learn more: hubs.la/Q04dwRT80
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Apr 24
Jersey City sold $104 million in BAM-insured bonds, backed by water & sewer revenues plus the city's general obligation pledge. With $1.2B in projects by 2030, they're raising rates to cover debt sustainably. #municipalbonds
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Apr 17
Florida International University is hoping to address a long-standing mismatch between demand and supply for on-campus housing with a new, 1,100 room dormitory, which will be financed in part by $197M of BAM-insured #municipalbonds that priced this week.
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Apr 14
BAM's Don Farrell was a recent guest on the @AssetTVUS #MunicipalBonds Masterclass to discuss the continuing elevated supply from state and local governments making long-deferred investments in essential infrastructure ... and how investors are responding.
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