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Bonds Municipal Bonds


  • Puerto Rico's cash crunch

    CNBC's Kate Kelly reports on Puerto Rico's debt problems, and whether the Public Finance Corp. can come up with the money to pay its bondholders.

  • Safest muni investments

    Discussing Puerto Rico bonds and opportunities in the municipal bond market, with Daniel Solender, Lord Abbett partner.

  • Why Puerto Rico's debt crisis isn't contagious Thursday, 30 Jul 2015 | 12:30 PM ET
    A delivery man pushes a cart through a street of San Juan, Puerto Rico.

    Puerto Rico's growing debt crisis has raised fears about the safety of the municipal bond market, but those fears may be overblown.

  • CHICAGO, July 29- Chicago Mayor Rahm Emanuel on Wednesday proposed more than $2.5 billion of bond sales even as the city faces big budget deficits and the possibility that its already-low credit ratings could fall further. Under ordinances proposed to the city council, Chicago would sell up to $2 billion of senior lien general airport revenue bonds with $1.7...

  • DETROIT— Standard& Poor's has boosted Detroit's rating on eight- to 15- year bonds the city plans to sell to improve public services. City officials said Wednesday that the better rating could get Detroit a lower interest rate and save $20 million in interest over the life of the bonds. The $245 million bonds are backed by city income tax revenue and were part of...

  • NEW YORK, July 29- Investors in U.S. municipal bonds are sitting on more cash than they have in years, in part because they're wary of the $3.7 trillion market at a time when interest rates are expected to rise. Between March 2014 and March 2015, cash rose by $6.2 billion to $31.9 billion, the biggest such jump in at least 10 years. "A lot of my investors who've been with me...

  • Muni bonds: When does it make sense to go local? Wednesday, 29 Jul 2015 | 7:00 AM ET
    Workers extend an overpass on the New Jersey Turnpike in Bordentown.

    Many financial planners steer wealthy clients to municipal bonds as safe, tax-smart investments, but they can carry some unforeseen risks.

  • Puerto Rico default Q&A: 'Sell right now' Tuesday, 28 Jul 2015 | 11:18 AM ET
    The Puerto Rican flag flies near the Capitol building as the island's residents deal with the government's $72 billion debt on in San Juan, Puerto Rico

    As another key debt payment date closes in, here's a primer on what you should know, and who it will impact the most ahead of this week's deadline.

  • NEW YORK— Here we go again. One worry after another has hit the municipal bond market in recent years, from a high-profile 2010 prediction for a wave of defaults to Detroit's 2013 bankruptcy filing, the largest in U.S. history. The latest concern is actually an old one: The governor of Puerto Rico said last month that the island, whose economy and population have been...

  • Yields reach 5.77 pct in initial Chicago bond pricing Thursday, 16 Jul 2015 | 10:02 AM ET

    CHICAGO, July 16- Underwriters initially priced $347 million of Chicago tax-exempt general obligation bonds on Thursday, with yields topping out at 5.77 percent for bonds due in 2039 with a 5.50 percent coupon, according to a pricing scale obtained by Reuters. Chicago is selling the tax-free bonds a day after nearly $743 million of taxable GO bonds were priced...

  • Puerto Rico fails to pay bond interest & principal Thursday, 16 Jul 2015 | 6:17 AM ET
    Capitol building in San Juan

    Puerto Rico failed to transfer funds to pay the principal and interest on its bonds, as the island tries to restructure its debt.

  • Pension fallout hits Chicago bonds, Cook County tax rate Wednesday, 15 Jul 2015 | 5:46 PM ET

    CHICAGO, July 15- The inability to curb public pension costs in Illinois led its biggest county to hike the sales tax rate on Wednesday and left its largest city, Chicago, facing hefty interest rates for its bonds. Underwriters priced nearly $743 million of taxable Chicago general obligation bonds with yields topping out at 7.98 percent for debt maturing in...

  • NEW YORK, July 13- Puerto Rico pleaded with creditors on Monday not to engage in lengthy litigation over its $72 billion debt, but provided little information about how a debt restructuring would affect them. Some top bondholders have already taken Puerto Rico to court over a restructuring law passed last summer which would have affected the island's public...

  • Puerto Rico bondholders meeting kicks off Monday, 13 Jul 2015 | 2:43 PM ET
    Puerto Rico bondholders meeting kicks off

    CNBC's Kate Kelly reports from the Citigroup building in Manhattan where hundreds of people are expected to hear about Puerto Rico's debt situation.

  • Puerto Rico's debt: What we know Monday, 13 Jul 2015 | 2:43 PM ET
    Puerto Rico's debt: What we know

    Discussing the potential ripple effect to investors from Puerto Rico's debt issues, with Andrew Gadlin, Odeon Capital Group.

  • Puerto Rico's next move Monday, 13 Jul 2015 | 1:08 PM ET
    Puerto Rico's next move

    The third "deal or no deal" situation involves Puerto Rico. Alexandra Lebenthal, Lebenthal Holdings, discusses the tough month for Puerto Rican bonds. CNBC's Kate Kelly provides perspective.

  • NEW YORK, July 13- Investors in Puerto Rico hope to get specific information about how the commonwealth plans to restructure debt when government officials meet with creditors on Monday, but there are fears that any bungled messaging could knock bond prices. Puerto Rico Governor Alejandro Garcia Padilla dropped a bombshell on holders of its $72 billion debt...

  • What Puerto Rico meeting means for investors Friday, 10 Jul 2015 | 3:06 PM ET
    Alexandra Lebenthal, president and CEO of Lebenthal & Co.

    Alexandra Lebenthal explains what investors should expect from the U.S. territory's coming meeting with its creditors.

  • If Puerto Rico were a state Friday, 10 Jul 2015 | 1:45 PM ET
    If Puerto Rico were a state

    Insight to Puerto Rico struggling with debt payments and a weak economy, with Alexandra Lebenthal, Lebenthal Holdings President and CEO.

  • Puerto Rico passed the so-called Recovery Act last year to give certain public corporations, with around $20 billion in debt, the ability to restructure financially in an orderly process. Puerto Rico is currently struggling with a total debt load of around $72 billion, which it says it is unable to pay. The Recovery Act was struck down by a federal court in Puerto...