Jeff Watkinson quoted in Forbes Magazine by Barnet Sherman focusing on AI, new platforms, and Municipal Bonds



On December 11th 2024, Jeff Watkinson was quoted in Forbes Magazine in an article written by Barnet Sherman.

https://www.forbes.com/sites/investor/2024/12/11/ai-and-the-municipal-bond-market-the-netflixafication-cometh/

This is the fifth article in the series, AI and the Municipal Bond Market. Prior articles covered AI’s influence on pricing, economic drivers, data (and more data), and credit. The final article will be on algorithmic trading’s application of AI in the Municipal Bond Market.

Barnet Sherman has over 30 years of institutional investor experience growing and managing multibillion dollar portfolios at Morgan Stanley and TIAA. He also founded Braintree Capital, a hedge fund and Registered Investment Advisor. He takes pride in having analyzed, negotiated, and financed businesses and projects benefitting dozens of communities nationwide.

Academia

Now a Professor at Boston University, he draws on these experiences for his Multinational Finance & Trade and Corporate Finance and Accounting classes to give graduate students practical, real-world insights on these complex topics.

 

Jeff's perspective:

From what began as a conversation on LinkedIn about AI and the Municipal Bond Market led to multiple conversations about new technology, AI and alternative trading systems (ATS) available in the MuniBond marketplace. Barnet was intrigued by how Watkinson Capital utilizes BondNav owned by InspereX, to quickly and efficient bid on attractive MuniBonds trading in the secondary market.
 

1) Email is the current and some-what recent avenue of brokers/dealers to send their inventory of MuniBonds in the secondary market to the buy-side. As a result, we recieve hundreds of email a day which lists of MuniBonds with different coupon structures, ratings, states, purpose, and maturities. A laborious activity to find attractive offerings to say the least.

2) BondNav serves as a aggregator platform which allows us to build curated lists of MuniBonds we want to buy for our clients. We control pop-up notifications when MuniBonds are “out for the bid.”

3) Bill, Mark and Jeff can quickly pause their task, respond to the “bid wanted” notification, obtain the EVAL price, see recent trade history, and then quickly bid at the wholesale pricing level for the MuniBond. Our goal is the right bond at the right price. 

4) Then we quickly go back to work. The software is intuitive and easy to use. For example, Jeff has bid on MuniBonds while waiting in the doctor’s office.

5) This is a huge leverage point for a RIA like us which laboriously bids on MuniBonds at a wholesale level. We miss on approximately 90 out of 100 bids on BondNav Insperex and cherish the BondNav platform to build custom portfolios.

6) Our process is predicated upon “Buy Wholesale” or buying bonds at the wholesale pricing level compared to the retail pricing level seen on the offer side.

https://www.watkinsoncap.com/watkinson-capital-advisors/capital-investment-advisors/process.aspx
 
Please reach out to jeff@watkinsoncap.com if you want MuniBonds at wholesale pricing.
 
Welcome to the Professional Side of the Municipal Bond Business. 
 
 
 
 
 
 
 

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#GetRealStayRich #BarnetSherman #Forbes #WatkinsonMunicipalBonds



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