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Bonds Municipal Bonds

  • MUMBAI, June 19- Pune, a city in India's western state of Maharashtra, sold $31 million in 10- year bonds on Monday, as cities in Asia's third-largest economy look to tap investors for the first time in a decade to finance infrastructure projects. Although India is planning to spend up to 48 billion rupees in its Smart Cities project, it needs cities such as Pune to...

  • MUMBAI, June 19- Pune, a city in India's western state of Maharashtra, sold $31 million in 10- year bonds on Monday, as cities in Asia's third-largest economy look to tap investors for the first time in a decade to finance infrastructure projects. Although India is planning to spend up to 48 billion rupees in its Smart Cities project, it needs cities such as Pune to...

  • NEW YORK, June 14- A rise in cyber attacks on U.S. public sector targets so far has had little impact in the $3.8 trillion municipal debt market, with no issuer as yet hit security threat. "State and local governments are a huge target, quite frankly an easy target for bad guys," said Bob Anderson, managing director for information security at Navigant management...

  • NEW YORK, June 14- A rise in cyber attacks on U.S. public sector targets so far has had little impact in the $3.8 trillion municipal debt market, with no issuer as yet hit security threat. "State and local governments are a huge target, quite frankly an easy target for bad guys," said Bob Anderson, managing director for information security at Navigant management...

  • Great time for sector rotation: Expert

    Chris Zaccarelli, Cornerstone CIO, and Kevin Giddis, Raymond James, provide their plays on stocks and bonds. I'd be a buyer in tech if they go down low enough, says Zaccarelli.

  • CHICAGO, June 8- Illinois general obligation bond prices plummeted and yields soared in the U.S. municipal market on Thursday, a day after a federal judge ordered the cash-strapped state to find more money to pay Medicaid providers. Late on Wednesday, U.S. District Court Judge Joan Lefkow said Illinois' action to make only minimal payments to healthcare...

  • SAN FRANCISCO, June 5- A lean issuance calendar in the municipal bond market is propping up debt prices for U.S. cities and states and will likely keep a floor under some of the markets wobbly sectors, even hospitals, according to data and analysts. Credit traditionally seen as more risky by investors, such as BBB-rated hospitals that rely heavily on...

  • SAN FRANCISCO, June 5- A lean issuance calendar in the municipal bond market is propping up debt prices for U.S. cities and states and will likely keep a floor under some of the markets wobbly sectors, even hospitals, according to data and analysts. Credit traditionally seen as more risky by investors, such as BBB-rated hospitals that rely heavily on...

  • Chicago Teachers Union employees and supporters protest outside of City Hall in Chicago, on July 2, 2015.

    The credit agency cited "unrelenting political brinksmanship" and slashed Illinois' rating to Triple B minus.

  • NEW YORK, May 31- Fund investors binged on bonds during the latest week, sending another $8.1 billion to U.S.-based debt funds that have not recorded a week of withdrawals this year, Investment Company Institute data showed on Wednesday. Taxable bond mutual funds and exchange-traded funds in the United States attracted $7.4 billion, while municipal bond funds...

  • NEW YORK, May 30- A federal judge on Tuesday ordered the trustee for Puerto Ricos COFINA bonds not to make a $16 million payment due on June 1, allowing creditors to litigate competing claims to the money that could be central to how the bankrupt U.S. territory restructures debt. Judge Laura Taylor Swain made the ruling during a hearing in her Manhattan courtroom,...

  • BEIJING/ HONG KONG, May 26- China has tried to brush aside a rare cut to its credit rating by Moody's Investors Service as misinformed, but its reaction highlights its sensitivity to how it is being viewed just as it seeks more foreign capital in its equity and bond markets. "Funding is not really an issue for China, so the level of meetings at the Ministry of Finance or...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • NEW YORK, May 19- An elected official of a New York City suburb was convicted on Friday of what authorities have called the first criminal securities charges brought over municipal bonds, a spokesman for federal prosecutors said. Christopher St. Lawrence, the elected supervisor of Ramapo, New York, was convicted by jurors in federal court in White Plains, New York,...

  • NEW YORK, May 16 (Reuters)- Puerto Rico is due to embark on a bankruptcy process on Wednesday that could take years to resolve, as investors scramble to get the highest recovery on their bonds. "The 25 percent may be what the Commonwealth identified as a available to cover debt service but it doesn't necessarily mean that will be the ultimate recovery," said Shaun...

  • NEW YORK, May 16- Puerto Rico is due to embark on a bankruptcy process on Wednesday that could take years to resolve, as investors scramble to get the highest recovery on their bonds. "The 25 percent may be what the Commonwealth identified as a available to cover debt service but it doesn't necessarily mean that will be the ultimate recovery," said Shaun Burgess,...

  • NEW YORK, May 15- Debt-laden Puerto Rico announced on Monday that the Government Development Bank, once the primary fiscal agent for the U.S. territory, has reached a liquidation deal with its creditors, avoiding a protracted bankruptcy. The agreement would be executed through a so-called Title VI proceeding under PROMESA, the federal rescue law for Puerto Rico,...

  • NEW YORK, May 15- Debt-laden Puerto Rico announced on Monday that the Government Development Bank, once the primary fiscal agent for the U.S. territory, has reached a liquidation deal with its creditors, avoiding a protracted bankruptcy. The agreement would be executed through a so-called Title VI proceeding under PROMESA, the federal rescue law for Puerto Rico,...

  • NEW YORK, May 15- Debt-laden Puerto Rico announced on Monday that the Government Development Bank, once the primary fiscal agent for the U.S. territory, has reached a liquidation deal with its creditors, avoiding a protracted bankruptcy. The agreement would be executed through a so-called Title VI proceeding under PROMESA, the federal rescue law for Puerto Rico,...