It's Wednesday, October 1 — quarterly rebalance day for 7 of your 12 accounts. The batch is built and waiting for approval. Hurricane Marcela strengthened overnight, and $132k of new cash landed and is ready to invest.
Overnight upgrade, tracking toward the Keys, South Florida, and coastal Louisiana. The exposed ground is water/sewer, school district, and airport credits. Across the book that's 14 holdings, $1.9M par; concentration sits in ···0363 (18%), ···7823 (12%), and ···1246 (9%). Two holdings are insured and one is escrowed to its call — direct exposure is 11 uninsured positions, $1.5M par. Nothing has repriced yet. Landfall is projected Sunday.
You approved the five unflagged previews at 7:09. Orders are staged; two accounts are through review. The two Marcela-flagged previews (···7823, ···1246) are held until you've looked at the exposure — their previews stay current as offers move.
| ···0192 | 2 sells · 2 buys | $61k | staged ✓ |
| ···5116 | 1 sell · 2 buys | $44k | staged ✓ |
| ···5636 | 2 sells · 1 buy | $38k | staging… |
| ···8151 | 1 sell · 1 buy | $29k | queued |
| ···6154 | 2 sells · 2 buys | $46k | queued |
A call paid $86k into ···2417 and coupons swept $46k into ···5116. Ready: two bonds that refill ···2417's emptied rung at 4.62% TEY, one addition inside ···5116's mandate at 4.55%. Both settle inside the week and leave each account at its cash target.
$300k of an essential-service water district, AA, offered 38 bp above where comparable paper traded this month. Fits the mandates of ···0192, ···5636, and ···8151; the nearest comparable they hold is a 2031 water district at 4.21% against this at 4.59%, same rating, stronger debt-service coverage. Dealer inventory.
The client review for ···8151 is drafted and complete, every figure checked against the platform. It covers the quarter's income, the two positions that changed, the updated ladder, and a credit note on each holding. It needs your read before it goes out.
The model puts 91% call probability on ···0363's largest holding — $200k of a 2032 water reclamation bond, callable at par on October 15, the same day as that account's $150k withdrawal. Two clean paths: the proceeds fund the withdrawal with no sells, or the rung is refilled with $200k of replacement par at 4.58% and the withdrawal runs on the drafted sell plan.
| Call funds the withdrawal | no sells · $50k residual to reinvest · 2032 rung stays open | Plan on this |
| Refill the rung | replacement at 4.58% TEY · withdrawal funded by sell plan, +$2.1k realized gain | Plan on this |
| Account | Value | Cash | Suggested action | |
|---|---|---|---|---|
| ···2417 | $2.24M | $86k | Invest the call proceeds — two buys refill the emptied rung at 4.62% | Buy as proposed |
| ···5636 | $1.91M | $96k | Invest idle cash — matched offers on hand, incl. $100k of today's water block | Buy as proposed |
| ···5116 | $1.98M | $46k | Invest the coupon sweep — one addition inside mandate at 4.55% | Buy as proposed |
| ···0363 | $2.14M | $12k | Rebalance approved · likely Oct 15 call, two paths drafted · 18% Marcela exposure | Open account |
| ···7823 | $2.02M | $41k | Rebalance held — review Marcela exposure (12%) first | See exposure |
| ···1246 | $1.87M | $5k | Rebalance held — 9% Marcela exposure, flagged in the preview | See exposure |
| ···0192 | $2.31M | $8k | Rebalance staged ✓ · also fits $100k of today's water block | Open account |
| ···8151 | $2.09M | $77k | Read the quarterly review · income section being rewritten now | Read draft |
| ···1238 | $1.76M | $9k | Nothing today — likely call Oct 22, candidates will be ready | |
| ···3702 | $1.64M | $3k | Nothing today | |
| ···6154 | $1.82M | $6k | Rebalance staged ✓ | |
| ···0723 | $1.71M | $4k | Nothing today |
Computed across all 12 accounts, par-weighted over researched, priced positions: 184 of 186 CUSIPs carry current research, 181 carry a close of Sep 29 or later. Prices are evaluated closes; call probabilities are modeled, refreshed this morning at 5:32 AM.