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  • NEW YORK, June 29- Puerto Rico's benchmark 2035 General Obligation bond rose three quarters of a point in price on Wednesday after the U.S. Senate cleared a procedural hurdle that advanced the debt crisis bill to a final vote. In Washington, the bill aimed at helping Puerto Rico- a territory in the Caribbean with 3.5 million U.S. citizens- deal with a crippling $70...

  • NEW YORK, June 29- Puerto Rico's benchmark 2035 General Obligation bond rose half a point in price on Wednesday after the U.S. Senate cleared a procedural hurdle that advanced the debt crisis bill to a final vote.

  • NEW YORK, June 24- U.S. municipal bond yields blew through previous record lows on Friday as investors snapped up tax-free debt amid a global flight to safety after Britain voted to leave the European Union. The week ended June 22 had the highest inflows in over three years at $1.4 billion, according to Lipper data. The "feeding frenzy" for muni bonds is unabated, said...

  • NEW YORK, June 24- U.S. municipal bond yields blew through previous record lows on Friday as investors snapped up tax-free debt amid a global flight to safety after Britain voted to leave the European Union. The week ended June 22 had the highest inflows in over three years at $1.4 billion, according to Lipper data. The "feeding frenzy" for muni bonds is unabated, said...

  • SHANGHAI, June 17- Upward pressure on Chinese bond yields eased this week after data showed net corporate debt issuance fell in May for the first time in nearly six years, but analysts said sentiment remains fragile after several high-profile defaults. May gross non-financial corporate bond issuance was 550.5 billion yuan, down 22.7 percent from April, while...

  • CHICAGO, June 16- Illinois' long-running budget impasse stung the state on Thursday in the U.S. municipal market where buyers of its $550 million bond issue demanded bigger yields over the market benchmark. The results demonstrate that the market is increasing its penalty due to the state's worsening fiscal and political problems, leaving Illinois unable to...

  • CHICAGO, June 16- Illinois' long-running budget impasse stung the state on Thursday in the U.S. municipal market where buyers of its $550 million bond issue demanded bigger yields over the market benchmark. The results demonstrate that the market is increasing its penalty due to the state's worsening fiscal and political problems, leaving Illinois unable to...

  • CHICAGO, June 16- Illinois' long-running budget impasse stung the state on Thursday in the U.S. municipal market where buyers of its $550 million bond issue demanded bigger yields over the market benchmark. The results demonstrate that the market is increasing its penalty due to the state's worsening fiscal and political problems, leaving Illinois unable to...

  • June 14- Detroit would sell its first general obligation bonds since exiting bankruptcy in December 2014 under a proposal by Mayor Mike Duggan's administration to refund up to $660 million of outstanding bonds. John Naglick, Detroit's finance director, said Detroit expects to capture lower interest rates in the bond refundings to save money for the budget...

  • June 14- Detroit would sell its first general obligation bonds since exiting bankruptcy in December 2014 under a proposal by Mayor Mike Duggan's administration to refund up to $660 million of outstanding bonds. John Naglick, Detroit's finance director, said Detroit expects to capture lower interest rates in the bond refundings to save money for the budget...

  • June 14- Detroit would sell its first general obligation bonds since exiting bankruptcy in December 2014 under a proposal by Mayor Mike Duggan's administration to refund up to $660 million of outstanding bonds. John Naglick, Detroit's finance director, said Detroit expects to capture lower interest rates in the bond refundings to save money for the budget...

  • CHICAGO, June 13- Illinois has never missed a bond payment, but the state for the first time is addressing that doomsday scenario in a document filed ahead of a scheduled $550 million bond sale this week. In the prospectus for its June 16 sale of $550 million of bonds, dated June 6, Illinois warned that if it were to miss a payment, bondholders' ability to collect their...

  • NEW YORK, June 10- Puerto Rico's benchmark General Obligation bond fell in price on Friday in choppy trading after the U.S. House of Representatives passed legislation aimed at helping the U.S. territory fix its fiscal mess. Late on Thursday the House passed the "Puerto Rico Oversight, Management and Economic Stability Act", by a vote of 297-127, with the U.S. Senate...

  • SAN FRANCISCO, June 10- New sales of U.S. municipal bonds are expected to slow next week to $5.7 billion from the year high of $12 billion in the week just ended, according to preliminary Thomson Reuters data. That surge in municipal bond issuance was met by strong demand from investors, many drawn to the market in an attempt to escape low or negative interest rate...

  • Best bets for your money

    Rick Keller, First Foundation Chairman, and Chad Schiel, Schiel Wealth Management, discuss their strategies for the current market environment.

  • Negative rates are creating financial turmoil around the world and opportunity in the U.S.

  • Demonstrators, protesting the state of Illinois budget stalemate, rally in the Loop before marching to the Chicago Board of Trade Building where they bolcked all of the entrances to the building on November 2, 2015 in Chicago, Illinois.

    Moody's Investors Service cut Illinois' credit rating by one notch to Baa2 with a negative outlook on Wednesday, citing a political stalemate.

  • LONDON, June 6- Weak jobs data that has dashed expectations for an imminent rise in U.S. interest rates and growing concerns over whether Britain will stay in the European Union pinned German 10- year bond yields near record lows on Monday. The 5- Star Movement looked set to take charge of Rome following municipal elections on Sunday that saw it make gains in other...

  • SAN FRANCISCO, June 3- A whopping $12 billion of new sales of U.S. municipal bonds will come to market next week, a high for the year to date, highlighted by two offers of more than $1 billion in general obligation bonds from Maryland and Georgia. Jeffrey Lipton, head of municipal research and strategy at Oppenheimer and Co Inc, said the Fed would likely delay any...

  • A Boston public school student holds a sign while protesting proposed school budget cuts in Boston on March 7, 2016.

    It's hard to imagine a state in worse financial shape than Illinois, but three others face an even bigger fiscal mess.