Municipal Bonds
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April 2- After a court decision allowing Stockton, California to push ahead with its bankruptcy, investors in the $3.7 trillion U.S. municipal bond market will have a ringside seat as the nation's biggest public pension system and bondholders duke it out.
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April 2- After a court decision allowing Stockton, California to push ahead with its bankruptcy, investors in the $3.7 trillion U.S. municipal bond market will have a ringside seat as the nation's biggest public pension system and bondholders duke it out.
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NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. Blackrock Florida Municipal Bond Trust: Approximately 1,100 shares changed hands, a 88.2 decrease from its 65- day average volume. The shares fell$. 06 or. 4 percent to $16.60.
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NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. Blackrock Florida Municipal Bond Trust: Approximately 900 shares changed hands, a 91.1 decrease from its 65- day average volume. The shares fell$. 02 or. 1 percent to $16.14.
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Wall Street is taking America's biggest pension fund to court this week, for a long-awaited battle over who takes the losses when a city goes bust—workers and retirees, municipal bondholders, or both. The NYT reports.
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March 21- U.S. municipal bond funds reported net weekly outflows of $261 million in the week ended March 20, after outflows of $112.5 million the previous week, Lipper said on Thursday. For two months, investor money poured into municipal bond funds on a net basis before reversing three weeks ago, according to Lipper, a Thomson Reuters company.
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March 21- U.S. municipal bond funds reported net weekly outflows of $261 million in the week ended March 20, after outflows of $112.5 million the previous week, Lipper said on Thursday. That knocked the four-week moving average from net inflows to a net outflow of $36.6 million. A week earlier, the four-week moving average was net inflows of $101.49 million.
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By Michelle Sierra, Caleb Frazier and Joy Ferguson. March 21- Ketchup giant H.J. Heinz took more key steps Thursday toward funding its $28 billion acquisition by 3 G Capital and Warren Buffett's Berkshire Hathaway, moving to an all-dollar loans package while drumming up huge demand for a new bond issue.
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WASHINGTON, March 21- Moody's Investors Service is reviewing the ratings of municipal bond insurer MBIA Insurance Corp, its subsidiaries and its holding company MBIA Inc, because of the company's "precarious financial condition" and possible regulatory actions that could hurt its credit, the rating agency said on Thursday.
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By Charlie Zhu and Umesh Desai. WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out China's biggest solar panel maker to stave off its collapse, a person with knowledge of the matter told Reuters on Thursday.
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March 21- Chesapeake Energy attracted plenty of demand for its new debt offering this week, as investors shrugged off the company's dispute with current bondholders playing out in a New York courtroom.
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By Charlie Zhu and Umesh Desai. WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out China's biggest solar panel maker to stave off its collapse, a person with knowledge of the matter told Reuters on Thursday.
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March 20- Fitch Ratings on Wednesday cut its rating on $10.6 billion of Puerto Rico general obligation bonds to BBB-minus from BBB-plus, saying the U.S. commonwealth was facing a large budget imbalance caused by a weak economy and revenues. Moody's Investors Service reduced Puerto Rico's general obligation rating rating by two notches to Baa3 in December.
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WASHINGTON, March 20- Legislation currently in the U.S. House of Representatives could further slow the process of defining municipal advisers, said the head of the municipal bond office at the Securities and Exchange Commission on Wednesday.
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March 20- Standard& Poor's Ratings Services on Wednesday cut the ratings of six housing revenue bonds insured by MBIA Insurance Corp to CCC from B. This action follows S&P's downgrade of MBIA's rating to CCC from B on Feb. 28, 2013. Alameda Housing Authority, Calif. multifamily housing revenue refunding bonds series 1998 A;.
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WASHINGTON, March 18- A U.S. congressional panel on Tuesday will delve into two major tax breaks- one for state and local tax payments, and one for municipal bond interest. But talk of tax reform has intensified in recent weeks on Capitol Hill.
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WASHINGTON, March 18- A U.S. congressional panel on Tuesday will delve into two major tax breaks- one for state and local tax payments, and one for municipal bond interest. But talk of tax reform has intensified in recent weeks on Capitol Hill.
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WASHINGTON, March 14- For the second week in a row, investors pulled money out of U.S. municipal bond funds as the stock market continued to soar.
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WASHINGTON, March 14- U.S. municipal bond funds reported net weekly outflows of $112.5 million in the week ended March 13, after outflows of $96.9 million the previous week, Lipper said. That helped push the four-week moving average down to $101.49 million of inflows from the previous week's $252.35 million of inflows.
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WASHINGTON, March 14- U.S. municipal bond funds reported net weekly outflows of $112.5 million in the week ended March 13, after outflows of $96.9 million the previous week, according to Lipper. That helped push the four-week moving average down to $101.49 million of inflows from the previous week's $252.35 million of inflows.
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March 14- Fitch Ratings has affirmed the' AA' rating on the following City of Pinellas Park, Florida bonds:-- $10.2 million public improvement refunding revenue bonds, series 2003;-- Implied unlimited tax general obligation.