Tag Archives: Patricia Healy

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BondBuyer – IHS Markit’s enhanced Ipreo platform directly connects buy-side to dealers

Author: , Post Date: November 20, 2019
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt from… IHS Markit’s enhanced Ipreo platform directly connects buy-side to dealers By Lynne Funk Nov 20, 2019 Digital workflow tools in the municipal market are increasing efficiency, freeing up talent to focus on the end client without completing tasks that would take far longer manually. All of these tools flooding the market aim to […]

BondBuyer – Lower tuition rates may mean more downgrades in FY 2020

Author: , Post Date: November 18, 2019
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt from… Lower tuition rates may mean more downgrades in FY 2020 By Sarah Wynn Nov 18, 2019 Some analysts have decided to stick with highly rated bonds in the higher education sector. “The higher education area, depending on if it’s public or private has seen some declines (in enrollment) over the years, especially in […]

Cumberland Advisors Market Commentary – Fire and Water

Author: Patricia Healy, CFA, Post Date: November 1, 2019
Market Commentary - Cumberland Advisors - California - A Note on the Fires

The fires engulfing parts of California are feared to become the nation’s worst fire disaster, possibly surpassing 2017 and 2018 fire events. Spurred on by wind gusts of up to 80 mph, this disaster harkens back to Superstorm Sandy, which occurred seven years ago, in October 2012. Superstorm Sandy soaked the Northeast, and its 80-mph […]

Q3 2019 Municipal Credit: Bond Market Dynamics, Natural Disasters, Green Bonds, State Rating Changes, & an Update on Single Ratings

Author: Patricia Healy, CFA, Post Date: October 24, 2019
Muniland - Municipal Credit & Bonds

Municipal bond credit quality remains relatively strong, as indications are still that upgrades are outpacing downgrades. S&P and Moody’s have both recently issued comments that corporate credit quality is weakening. Per S&P, credits rated AAA to B- with negative outlooks or CreditWatch-negative assignments have been increasing, indicating a negative bias. Similarly, Moody’s estimates that the […]

Cumberland Advisors Market Commentary – The Rise of Separately Managed Accounts – 2019 Update

Author: Patricia Healy, CFA, Post Date: September 12, 2019
Patricia Healy, CFA

The Rise of Separately Managed Accounts – 2019 Update Cumberland has utilized separately managed accounts (SMAs) to execute its fixed-income strategy since its inception in 1973, long before SMAs were popularized in the early 2000s. The reasons for managing money in this fashion are the same today as they were then: Transparency (you know what […]

Recession fears growing

Author: , Post Date: September 3, 2019
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt from the Sarasota Herald Tribune’s article, Recession fears growing Local experts offer comments on the impact of an economic downturn in Sarasota-Manatee. After the longest economic expansion in U.S. history, a growing number of economists and business forecasters are raising the likelihood of a recession in the not-too-distant future. In an August survey by […]

Miami-Dade County jumps into legal fight over terminated toll-road agency

Author: , Post Date: July 26, 2019
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt from… Miami-Dade County jumps into legal fight over terminated toll-road agency By Shelly Sigo July 25, 2019 A court hearing Thursday and Friday could determine the fate of the Miami-Dade County Expressway Authority, and a new party in the case may sway the outcome. Miami-Dade County Commissioners decided Tuesday to become an amicus curiae, […]

Cumberland Advisors Market Commentary – Q1 2019 Credit Commentary

Author: Patricia Healy, CFA, Post Date: May 3, 2019
Cumberland Advisors Market Commentary - Municipal Credit

A positive tone continues for the credit quality of municipal bonds, and municipal performance has been strong as a result of low supply, high demand, and lower rates. (See John Mousseau’s “https://www.cumber.com/1q2019-review-tax-free-municipal-bond-a-shining-first-quarter-for-munis/.”) After some states reported revenues tracking well below projections in January, fears of a substantial drop-off in state tax collections are being allayed, […]

Watch Recorded Livestream of Climate Change Summit at University South Florida Sarasota-Manatee

Author: Cumberland Advisors, Post Date: January 25, 2019
Bob Bunting, accomplished entrepreneur and scientist

Cumberland Advisors’ Patty Healy is participating in the Climate Change Summit held at USF Sarasota-Manatee today, January 25, 2019. She’ll be speaking to the audience about municipal bond ratings relating to how prepared these entities are for severe weather events, the impacts of climate change, and other factors that may affect credit ratings. I’ll be […]