Paul Twitchell, Whitebox Advisors, shares his investment strategies ahead of the Fed's pullback on quantitative easing. Twitchell explains why he see opportunities in municipal bonds and mortgage REITs.» Read More
WASHINGTON, Dec 9- The U.S. municipal bond market shrank to $3.686 trillion in the third quarter of the year, the smallest since the end of 2009, from $3.721 trillion in the second quarter of the year, according to Federal Reserve data released on Monday.
NEW YORK, Dec 6- General Electric Co has agreed to pay as much as $18.25 million to settle a class action lawsuit accusing it of rigging bids for municipal securities, court papers filed on Friday show.
"I like municipal bonds, which is a controversial call, I'm sure," Suni Harford of Citigroup says.
CNBC's Rick Santelli digs down with Matt Fabian of Municipal Market Advisors on how the municipal bond markets were affected by the Detroit bankruptcy ruling.
Fiscally distressed governments across the country may have gotten a troubling blueprint this week for getting out of their respective messes.
BIRMINGHAM, Ala., Dec 3- Alabama's Jefferson County on Tuesday closed on a $1.78 billion sewer bond deal and brought an end to what had been the biggest U.S. municipal bankruptcy before Detroit filed for court protection from creditors in July.
DETROIT, Dec 3- A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city's bond holders.
Rating downgrades of municipal bonds will outpace upgrades in 2014, according to Fitch Rating's outlook for next year.
John Miller of Nuveen Asset Management explains how Detroit's bankruptcy is likely to affect bondholders.
CNBC's Scott Cohn has the latest details on today's ruling that the Motor City can file for Chapter 9 bankruptcy protection and the slew of lawsuits that are sure to follow.
SPRINGFIELD, Illinois, Dec 3- Unions representing public employees in Illinois blasted a bill to reform the state's woefully underfunded pension system on Tuesday and said they would take legal action if the bill is passed by the legislature. Montgomery said the bill is "blatantly unconstitutional" and predicted it would be tossed out by Illinois courts.
CNBC's Rick Santelli and Alexandra Lebenthal, Lebenthal and Company, share the impact bankruptcy has on municipal bonds in your city or state.
CHICAGO, Dec 2- Illinois will sell $350 million of bonds on Dec. 12, just over a week after the state legislature is expected to vote on a bill to rein in the state's huge public pension costs, the state announced on Monday.
Rick Rieder, BlackRock CIO of fundamental fixed income portfolios, discusses his market outlook, the taper and what it means for fixed income.
WASHINGTON, Nov 27- Sales of U.S. municipal bonds shrank to $23.16 billion this month, as debt refundings dropped sharply from a year ago, according to preliminary Thomson Reuters data released on Wednesday.
CNBC's Rick Santelli speaks with Matt Fabian, Municipal Market Advisors, about the narrowing spread between the muni market and Treasuries.
Bloomberg reports Toronto must pay extra interest to the bond market in light of Mayor Rob Ford's continued antics and admissions.
Jeff Cox, CNBC.com finance editor, and Alexandra Lebenthal, Lebenthal & co-president and CEO, discuss the recent concerns surrounding municipal bonds and if a bond crises is looming.
CNBC's Scott Cohn reports on allegations of wide spread fraud in Miami are raising doubt about the safety of munis.
Miami is bouncing back from its foreclosure crisis, but CNBC's Scott Cohn reports the city is at the center of a 4-year SEC crackdown on municipal bonds. With the former budget director and city already being sued, the SEC is also looking into the Miami Marlins baseball stadium, which was mostly paid for by tax dollars.