CHICAGO, Dec 12- Illinois' enactment of sweeping public pension reforms last week gave a boost to its sale on Thursday of $350 million of taxable general obligation bonds. He said Illinois' previous sale of $350 million of taxable GO bonds in April resulted in a 4.97 TIC that was more than 3 percent over 10- year Treasuries.» Read More
Steve Goldman, Managing Director, Kapstream Capital tells CNBC's Cash Flow how play the bond market in the current extended QE environment.
There¿s value to be found in the municipal bond market, Peter Hayes of BlackRock says.
Breaking down municipal bonds, is Peter Hayes, Blackrock. "Barbell your portfolio with short duration" he adds.
These days the badlands are distressed Puerto Rican debt, and Oppenheimer's Rochester municipal funds- heavy into the island-territory's bonds- are raising their borrowing amid an investor exodus, U.S. regulatory filings show.
SAN FRANCISCO, Oct 14- Moody's Investors Service lowered the pension obligation bonds of Stockton, California, to' Ca' from' Caa3' on Monday and changed its outlook on them to negative from developing, citing how the city would treat the debt in its plan for exiting bankruptcy.
NEW YORK, Oct 11- The amount of insured municipal bonds continued to drop in the first nine months of 2013, down nearly 18 percent to $8.2 billion from the same period last year, and 27 percent from the previous quarter, according to Thomson Reuters data released on Friday.
BOSTON, Oct 9- U.S. mutual funds that loaded up on Puerto Rico bonds, including OppenheimerFunds, are now the target of an investigation by a state securities regulator, who says investors may not have been aware of their exposure to the island's fiscal crisis.
BOSTON, Oct 9- Massachusetts securities regulators are investigating the sale of municipal bond funds loaded with Puerto Rico debt, marking the latest fallout to the Caribbean island's fiscal crisis.
William Galvin, Massachusetts secretary of the Commonwealth, said his office has sent inquiry letters to home state investment manager Fidelity Investments, plus Oppenheimer Funds and UBS Financial Services.
The island country has more than 600 muni bonds outstanding and within the next year $2.8 billion is due, reports CNBC's Michele Caruso-Cabrera.
Oct 2- Moody's Investors Service said on Wednesday that risks remain for Detroit's water and sewer revenue bonds, despite a full Oct. 1 payment by the city on the debt.
Oct 1- U.S. municipal bond sales totaled $237.8 billion in the first nine months of 2013, down 13.6 percent from the same period in 2012, according to Thomson Reuters data released on Tuesday. J.P. Morgan Securities ranked second, with $29.1 billion of debt in 262 deals and Citigroup came in third, with $26.6 billion of debt in 282 deals.
Sept 30- Detroit is poised to default on about $641 million of its general obligation bonds on Tuesday, an event that is likely to spur a legal challenge over Detroit's decision to take tax money earmarked for bond payments and apply it instead to city needs.
Sept 30- Funding for hospitals, states and other issuers in the $3.7 trillion U.S. municipal bond market would be jeopardized if Congress does not raise the federal debt limit by the Oct. 17 deadline, Moody's Investors Service said on Monday.
Sept 30- Funding to hospitals, states and other issuers in the $3.7 trillion U.S. municipal bond market would be jeopardized if Congress does not raise the federal debt limit by the Oct. 17 deadline, Moody's Investors Service said on Monday.
The Detroit default is no surprise and was a long-time coming, says Alexandra Lebenthal, Lebenthal & Co president and CEO, explaining why investors should be buying high-grade and investment grade bonds.
Puerto Rico's weak economy and heavy debt load have made its bonds a risky bet for most investors. Barron's recent cover story singled out Oppenheimer's aggressive $6.5 billion bet on the country. Troy Willis, OppenheimerFunds, and John Lofreddo, MainStay High Yield Municipal Bond Fund, debate the move.
Shelley Bergman, Morgan Stanley Wealth Management, explains why he thinks the municipal bond market is a "standout" right now and offers investors a buying opportunity.
Sept 12- Investors holding defaulted municipal bonds sold by Alabama's Jefferson County and other local governments will recover less than the average 80 cents on the dollar of recent decades, Moody's Investors Service said on Thursday.
The SEC is investigating a $75 million investment by a Rhode Island agency for Curt Schilling's failed gaming company, Bloomberg reported.