What aspect does NOT influence the method of sale according to GFOA recommendations?

The method of sale for municipal bonds is a critical decision that can significantly affect pricing and ultimately the cost of borrowing. According to the Government Finance Officers Association (GFOA), several factors play a crucial role in determining the best approach to selling bonds.

Market sentiment analysis is essential because it assesses how investors feel about the market conditions and can influence demand for bonds. When sentiment is positive, selling bonds in a competitive sale might yield better pricing.

The security structure of the proposed bond helps define risk and attractiveness to investors, guiding the method of sale. Different structures may appeal to different types of investors, which can inform whether to go with a competitive or negotiated sale.

The issuer's credit rating is another significant factor. Higher-rated bonds typically sell better in competitive markets, while lower-rated bonds might benefit from a negotiated sale to allow for specific investor targeting.

In contrast, the type of financial media coverage does not inherently influence the decision on the method of sale. Although media coverage may impact public perception and investor sentiment, it is not a direct factor in the actual selling method according to GFOA recommendations. This aspect is more about the timing and public discourse surrounding the sale rather than a technical or structural consideration in choosing a method of sale.