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  • NEW YORK, Nov 13- Investors may demand higher yields to hold Connecticut's debt when the state sells $650 million in bonds next week as officials struggle to reform an underfunded public pension system and address weakening tax revenues. "There could be some downgrades to come in Connecticut in the next year or so if they don't start dealing more aggressively...

  • LONDON, Nov 11- Portuguese government bond yields reversed early rises on Wednesday as the prospect of additional stimulus from the European Central Bank trumped concerns over political uncertainty in Lisbon. Benchmark 10- year yields in Portugal rose more than 5 basis points in early trade before reversing track to trade 3 bps lower at 2.76 percent.

  • *Move could help Germany, boost slack Italy, Spain. FRANKFURT, Nov 11- The European Central Bank is examining whether to buy municipal bonds of cities such as Paris or regions like Bavaria, according to people with knowledge of a possible extension of its one-trillion-euro- plus money printing scheme. "You have big markets, such as Spain and Italy.

  • SHANGHAI, Nov 9- China's Inner Mongolia Autonomous Region auctioned five-year municipal bonds at 44 basis points above the auction's lower limit set by auction rules, traders said on Monday, a new high for China's nascent municipal debt market. On October 27, Anhui province auctioned 10- year bonds at 40 basis points above the auction's lower limit, marking the...

  • *Illinois' last bond sale was in May 2014. ALGONQUIN, Ill., Nov 3- District 300, Illinois' sixth-largest public school system, has been waiting a decade for state dollars to complete a construction and improvement project that began with voter approval of $185 million of bonds in 2006.. District 300 had been counting on $30 million to $40 million in state construction...

  • CHICAGO, Oct 22- Illinois' ongoing failure to enact a fiscal 2016 budget due to political wrangling led to a second major credit rating agency downgrading the state's debt to the low investment grade triple-B level this week. The move occurred three days after Fitch Ratings dropped Illinois to BBB-plus. Moody's cited the potential that Illinois' financial...

  • Illinois budget fight sinks credit rating Tuesday, 20 Oct 2015 | 6:40 AM ET
    Ilinois governor Bruce Rauner.

    Illinois' credit standing took another hit as Fitch Ratings downgraded the state's rating for the first time on Governor Bruce Rauner's watch.

  • CHICAGO, Oct 19- Illinois' credit standing took another hit on Monday as Fitch Ratings downgraded the state's rating for the first time on Governor Bruce Rauner's watch, citing the deterioration of state finances during a four-month budget impasse. Illinois has no budget yet for the fiscal year that began on July 1, and the stalemate between Republican Rauner...

  • UPDATE 1-Illinois budget fight sinks credit rating Monday, 19 Oct 2015 | 6:40 PM ET

    CHICAGO, Oct 19- Illinois' credit standing took another hit on Monday as Fitch Ratings downgraded the state's rating for the first time on Governor Bruce Rauner's watch, citing the deterioration of state finances during its four-month budget impasse. The one-notch downgrade from A-minus to BBB-plus, affecting $26.8 billion of general obligation bonds,...

  • Chicago attracts lots of buyers for sewer bonds Wednesday, 14 Oct 2015 | 4:59 PM ET

    CHICAGO, Oct 14- Big investor demand on Wednesday pushed yields down on $332 million of Chicago sewer revenue bonds, although the city continues to pay a penalty for its fiscal woes. "Obviously a heavily sought-after deal by investors," said MMD analyst Randy Smolik, noting that pre-marketing talk placed the spread around 170 basis points over the scale.

  • FINRA SAYS SANTANDER SECURITIES TO PAY ABOUT $4.3 MLN IN RESTITUTION TO SOME CUSTOMERS WHO WERE SOLICITED TO BUY PUERTO RICAN MUNICIPAL BONDS.

  • NEW YORK, Oct 5- Puerto Rico's Public Finance Corp, the government agency that defaulted in August when it paid only some of what was due on its bonds, has not made a $1.4 million Oct. 1 interest payment, according to a spokesman for the island's Government Development Bank and a public filing on Monday. The missed October payment is the third full consecutive payment...

  • NEW YORK, Oct 5- Puerto Rico's Public Finance Corp, the government agency that defaulted in August when it paid only some of what was due on its bonds, has not made an Oct. 1 interest payment, according to a public filing on Monday. The missed October payment is the third full consecutive payment the Public Finance Corp, a subsidiary of the island's Government...

  • There's a new bond trading player on Wall Street Thursday, 1 Oct 2015 | 3:39 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Electronic market Liquidnet opens a dark pool to trade bonds.

  • The U.S. Securities and Exchange Commission also said it sued a former financial adviser at UBS Financial Services Inc of Puerto Rico, claiming he misled investors who bought $50 million of shares in the funds, which invested heavily in Puerto Rico municipal bonds. SEC said it will collect $15 million in disgorgement, interest and penalties from UBS of Puerto...

  • NEW YORK/ CHICAGO, Sept 28- Chicago Mayor Rahm Emanuel took his city fiscal push to New York on Monday to seek to convince skeptical municipal bond investors that Chicago is determined to fix its sagging finances which have dragged down its credit ratings and dramatically raised borrowing costs. The visit followed his appearance at a city-sponsored investor...

  • SAN JUAN/ NEW YORK, Sept 9- Puerto Rico officials proposed cuts to teacher pensions, a new financial control board and restructuring $18 billion of debt due in the coming five years, as part of a long-anticipated plan unveiled on Wednesday to pull the island out of a wrenching fiscal crisis. Even with sweeping spending cuts, Puerto Rico needs concessions from...

  • Puerto Rico plan still leaves $12B debt gap Wednesday, 9 Sep 2015 | 9:19 AM ET
    The Puerto Rican Capitol in San Juan

    Puerto Rican officials are proposing a huge raft of changes to address their island's $72 billion debt burden.

  • CHICAGO, Sept 2- Illinois is eyeing a return to the U.S. municipal bond market this year after an absence of more than 15 months, even as the state struggles to address its many fiscal problems. Illinois last sold bonds in May 2014 with a $750 million general obligation bond issue. "If you throw out Puerto Rico, Illinois is by far the worst state in the nation," said Nick...

  • Illinois eyes bond sale this year, hires debt director Wednesday, 2 Sep 2015 | 2:23 PM ET

    CHICAGO, Sept 2- Illinois is eyeing a return to the U.S. municipal bond market this year after an absence of more than 15 months, even as the state struggles to address its many fiscal problems. Illinois last sold bonds in May 2014 with a $750 million general obligation bond issue. An impasse between Rauner and Democrats who control the House and Senate has left...