Perspectives Blog

Ty Schoback, Senior Municipal Analyst

Ty Schoback is an analyst at Columbia Management Investment Advisers, LLC (CMIA), focusing on state and local general obligations, pooled loans, and public power credit analysis. He joined the firm in 2008 and has been a member of the investment community since then.

Mr. Schoback earned a B.S. in finance from Winona State University.

Detroit’s collateral damage

Ty Schoback, Senior Municipal Analyst | October 24, 2013

The State of Michigan’s failure to preserve the integrity of the General Obligation (GO) pledge in Detroit has greatly undermined the market’s confidence in debt issued within Michigan. It has also resulted in increased borrowing costs for other Michigan entities. The State communicated to investors the UTGO security pledge of local governments should not be