Maybe there's hope for America's Soft Power yet!

IT'S JUNE THE KNICKS HAVEN'T LOST SINCE APRIL THIS HAS BEEN TRUE ALMOST EVERY YEAR OF MY LIFE BUT THIS YEAR IT IS FOR A VERY DIFFERENT REASON

A friend of mine has two tickets for game 4 of the nba finals. They are courtside seats plus airfare and hotel accommodations. He didn't realize when he bought them that this is the same day as his wedding - so he can't go. If you're interested and want to go instead of him, it's at St. Peter's Church in New York City at 5 PM. Her name is Donna. She will be the one in the white dress.

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."

"You've got to remember Mets fans, that hope springs eternal. Mostly because Met fans are clinically incapable of learning from experience - so Let's Go Mets!" 😂 Brockmire (@HankAzaria) shares a thought on the Mets season

RT @realsaadasad: Imagine that! A LA mayoral candidate hiring actual actors for her ads vs using AI slop.

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.

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

BART spent $90 million on new fare gates. They're recovering about $10 million a year in fares. That's a 9-year payback on paper. The actual return hit in six months. Embarcadero station went from 112 hours of corrective maintenance in the six months before installation to 2 hours after. Daly City saved 109. Balboa Park saved 75. Across the system, 961 hours of cleanup work disappeared. Corrective maintenance is the term BART uses for graffiti, heavy soiling, vandalism, the damage that needs a crew not a janitor. At several stations it dropped to zero. Crime fell 41% year over year. Riders who reported seeing fare evasion on their trip dropped from 22% to 10%. Citations issued by BART police went from 2,200 in January to under 1,000 in July, because there was nothing to cite. The gates were a filtering project disguised as a revenue project. Old BART gates were waist-high orange fins designed in the 1970s. You could hop them in under a second. That made the station effectively a public space, and the rider mix reflected that. The new gates are 72 inches of polycarbonate with 3D sensors that detect tailgating. You either pay or you don't enter. Once you don't enter, you also don't smoke on the platform, sleep in the elevator, or harass other riders. BART tried hiring more police for years. Blitz operations at high-traffic stations. Increased patrols. Dedicated transit cops. None of it moved the numbers the way six feet of polycarbonate did. The $10 million in recovered fares is the smallest line in the return. Fare revenue used to cover 70% of BART operations. After the pandemic it collapsed to 22%. The gates won't fix that gap directly. They fix the precondition for fixing it: a system that office workers, families, and tourists are willing to use again. Ridership growth at stations with new gates outpaced ungated ones before the rollout finished. A $400 million annual deficit is heading to voters in November as a sales tax measure. Voters don't approve sales taxes for transit agencies they don't feel safe in. The $90 million on gates is buying BART the right to ask the public for more money. That's the real return on six feet of polycarbonate.

This is poster-child post for the limits of 250 characters: Read the first note and thought the author was arguing that fighting crime isn’t worthwhile because that cannot alone address other urban issues … in the full thread, he actually argues the opposite (and convincingly!)

Tried and failed to write a funny post mocking @MLB.com for mooning over the @Dodgers hiring a trumpet player to welcome their hired-gun closer into his first game. So let's just say "been there, done that." mlb.com/news/edwin-diaz-dodg…

The market's resilience will be tested next week, when issuers are planning a robust slate of more than $14 billion of new-issues. Check out the full Weekly Update on BAM's YouTube page: youtu.be/EdoCwLYWbkM

I asked AI: "How did BAM perform this week?" BAM insured $712 million of new-issue hashtag#municipalbonds for 29 issuers from 15 states. The highlight of the week was Tuesday, when Bam scored 83 points against the Washington Wizards, the second-highest point total in NBA history

No gloves, no hat, light jacket …. Just me out here Manifesting Spring. You’re welcome.

BAM's Grant Dewey explains how "sustained investor demand" helped drive yields on long-term #municipalbonds lower this week ... and what issuers are doing to take advantage of those trends.

OMG he did it. He really did it! (Turn captions on)

Finney County, Kansas is gearing up for its first #muniland issue in more than a decade: $88 million to finance improvements to the law enforcement center and jail. @BAMutual's Audrey Lu highlights the transaction and the credit backing the bonds.