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PNC advisor says rates largely unchanged; Pine-Richland monitors window for bond refunding
Summary
Tony Masidi of PNC Capital Markets told the Pine-Richland School District finance committee that interest rates remain near late‑2024 levels and the district could reach refinancing savings if 70–90 basis points materialize on target issues.
Tony Masidi of PNC Capital Markets told the Pine‑Richland School District Finance Joint Governance meeting that municipal interest rates are largely unchanged from late 2024 and staff will continue to monitor market movement for a possible bond refunding.
Masidi told board members that five‑ and 10‑year yields and tax‑exempt MMD curves remain “right on top of where we were at the end of 2024,” and that investors have not yet pushed yields strongly lower. He said the district’s two primary refunding candidates could capture 70–90…
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