Bonds Municipal Bonds

  • NEW YORK— Municipal bond yields hit fresh highs again this week, continuing their strong climb since the U.S. presidential election. According to the AP Municipal Bond index, the 10- year muni yield was 2.810 percent as of 5 p.m. Eastern time Friday. Just a month earlier, it was 2.051 percent.

  • Bank of America Merrill Lynch's Global Broad Market Index fell 1.76 percent in November, its steepest percentage drop since a 2.06 percent fall in July 2003. Trump's victory on Nov. 8 stunned many investors who had positioned for a White House helmed by Democrat Hillary Clinton and the likelihood of continued gridlock in Washington, which could leave the...

  • NEW YORK, Nov 30- The Financial Industry Regulatory Authority said on Wednesday it fined Bank of America Merrill Lynch $7 million for inadequate supervision of client brokerage accounts that used leverage to buy Puerto Rican municipal bonds and other securities. FINRA said that 25 customers with modest net worth had three-quarters of their portfolios...

  • NEW YORK, Nov 20- Investors who piled into bond funds for safety will see red when they unfurl their current account statements this holiday season. Retreating from stocks in 2016, fund investors plunged $194 billion in U.S.-based bond funds in the first three quarters this year, according to the Investment Company Institute, a trade group.

  • NEW YORK, Nov 20- Investors who piled into bond funds for safety will see red when they unfurl their current account statements this holiday season. Retreating from stocks in 2016, fund investors plunged $194 billion in U.S.-based bond funds in the first three quarters this year, according to the Investment Company Institute, a trade group.

  • NEW YORK, Nov 18- U.S. municipal bond issuers canceled nearly $338 million worth of debt sales this week as market volatility spiked and yields surged higher after the surprise Nov. 8 election of Donald Trump as president. The canceled transactions do not include deals put on day-to-day watch as they await better conditions, including the week's biggest: $1...

  • Nov 18- The Financial Industry Regulatory Authority said the U.S. Securities and Exchange Commission had approved a plan that would require brokerage firms to disclose how much they mark up the price of most bonds they sell to retail customers. The SEC also approved a similar plan by the Municipal Securities Rulemaking Board, which regulates municipal...

  • NEW YORK, Nov 16- Investors moved more cash from U.S.-based stock funds in the weekly period ending Nov. 9, Investment Company Institute data showed on Wednesday, continuing a major rotation into bonds just before the U.S. presidential election. The data captures cash movements in the weekly period running through the day after the election of Donald Trump as U.S....

  • *Medicaid funding plan could squeeze state budgets. Nov 11- U.S. municipal bonds could lose favor with investors under President-elect Donald Trump's proposals to cut personal income tax rates, thereby reducing the benefit of the bonds' tax exemption, analysts said. "Tax reform is a key risk for munis- and one not reflected in current pricing," Morgan Stanley...

  • *Medicaid funding plan could squeeze state budgets. Nov 11- U.S. municipal bonds could lose favor with investors under President-elect Donald Trump's proposals to cut personal income tax rates, thereby reducing the benefit of the bonds' tax exemption, analysts said. "Tax reform is a key risk for munis- and one not reflected in current pricing," Morgan Stanley...

  • CHICAGO/ SAN FRANCISCO, Nov 4- U.S. voters on Tuesday will decide the fate of $70.3 billion of municipal bond issuance, the largest amount of borrowing requests in a decade, with much of it earmarked to help pay for fixing the nation's crumbling infrastructure. The biggest concentration of bonds hanging in the balance is in California, which accounts for nearly 60...

  • CHICAGO/ SAN FRANCISCO, Nov 4- U.S. voters on Tuesday will decide the fate of $70.3 billion of municipal bond issuance, the largest amount of borrowing requests in a decade, with much of it earmarked to help pay for fixing the nation's crumbling infrastructure. We've had more stability in revenues and more stability in the economy as a whole, so we would expect a...

  • SAN FRANCISCO, Oct 31- Sales of municipal bonds and notes soared to a record $52.5 billion in October, the biggest month of issuance since records began in the 1980 s, according to Thomson Reuters data. October brought nearly $52.5 billion of new supply to the $3.7 trillion U.S. municipal market. The last time the market reached similar levels was in 2008, when $51.4...

  • NEW YORK, Oct 31- A New York auditor on Monday settled U.S. Securities and Exchange Commission charges that it issued fraudulent audit reports in connection with municipal bond offerings by the town of Ramapo, New York, and its local development corporation, which were charged with fraud in April. The SEC said PKF O'Connor Davies and senior partner Domenick...

  • NEW YORK, Oct 31- A New York auditor on Monday settled U.S. Securities and Exchange Commission charges that it issued fraudulent audit reports in connection with municipal bond offerings by the town of Ramapo, New York and its local development corporation, which were charged with fraud in April. The SEC said PKF O'Connor Davies and senior partner Domenick...

  • SHANGHAI, Oct 25- China's fiscally stressed northeastern province of Liaoning, a bellwether for the nation's burgeoning municipal debt market, sold bonds at just four to 10 basis points above the lower limit allowed by auction rules, traders said on Tuesday. Liaoning, which saw one of its bond auctions fail in 2015, is the only Chinese province in recession...

  • CHICAGO, Oct 24- The junk-rated Chicago Public Schools will be selling up to $1 billion of new and refunding bonds pending approval of its governing board later this week. The nation's third-largest public school system wants to issue up to $840 million of general obligation bonds to fund capital improvements using a $45 million property tax hike approved by...

  • Oct 21- U.S. municipal market supply will likely be among the highest in a decade when an estimated $16.7 billion of bonds and notes goes up for sale next week, lead by deals from New Jersey and Alaska. With $16.5 billion in expected bond sales and $213 million in notes, according to Thomson Reuters estimates on Friday, the week would be one of the 10 biggest for supply...

  • NEW YORK, Oct 19- Investors funneled the least cash to U.S.-based municipal bond funds in more than a year, Investment Company Institute data for the latest week showed on Wednesday, the latest sign that demand in some fixed-income categories is waning. The muni mutual funds and exchange-traded funds attracted just $299 million in the week through Oct. 12, the...

  • CHICAGO, Oct 12- Ahead of the sale of $1.35 billion of debt on Thursday, Illinois issued an ominous warning to potential bond buyers that it may not have enough money to make its fiscal 2017 pension payments on time. A budget impasse, along with a $111 billion unfunded pension liability and a growing pile of unpaid bills, have pounded Illinois' ratings into the low...