Bonds Municipal Bonds

  • Greek minister: We have achieved more than expectations

    Nikos Pappas, Greek Minister, discusses Greece's upcoming debt deadline with the ECB and what his political party believes can happen in the country.

  • "There appears to be copious amounts of cash around" and "spreads are compressing as investors reach for yield," said Greg Saulnier, a Municipal Market Data analyst. The week ended May 11 was the biggest in inflows so far this year, with $1.2 billion. "This streak is quite amazing given the low levels of municipal rates and ratios, but the risk-adjusted yields on munis...

  • The Ben Sawyer bridge, Sept. 27, 1989, in South Carolina.

    America is falling apart. And the repair bill is getting bigger — some $3.3 trillion over the next decade.

  • Tourists take a break after visiting the El Morro fort, where part of Old San Juan, Puerto Rico, is visible.

    Congress may finally be coming to Puerto Rico's rescue, but the measure may be too little, too late.

  • LOS ANGELES, May 6- San Francisco Public Utilities Commission next week will issue $240 million in wastewater revenue "green" bonds, the first infrastructure municipal bonds to meet specific criteria under a new environmental standard for water projects. The commission is planning a competitive sale of $308 million of revenue bonds, of which $240 million...

  • NEW YORK, May 6- Junk-rated Atlantic City is drowning in financial uncertainty, but some investors in the cash-strapped New Jersey gambling hub are betting on one possible outcome above all others: a state bailout. On Thursday, Governor Chris Christie said lawmakers needed to immediately squash their differences and pass a takeover and aid package because...

  • Though 34 states had declining debt levels, two had double-digit increases: Kansas and South Dakota, at 40 percent and 20 percent, respectively. States with the largest year-over-year debt level declines were Nebraska and North Dakota, each with a 15 percent drop, and Utah, which saw its debt decrease 12 percent. States with the highest per capita debt levels were...

  • A Heckmann Water Resources treatment plant that separates oil, sediment and water mixed during the hydraulic fracturing process, near Shreveport, Louisiana.

    Louisiana's finances were already in doubt when oil prices came crashing down, and now energy layoffs are denting income and tax revenue.

  • Treasury Secretary Jack Lew on Tuesday said Puerto Rico's financial crisis risks turning the commonwealth into a chaotic mess unless the U.S. Congress can enact a plan to restructure its debt. "The challenge is for Congress to act fast enough so that the unfolding crisis in Puerto Rico doesn't cascade out of control," Lew said during an on-stage interview at the...

  • ATLANTIC CITY, N.J., May 2- Atlantic City, New Jersey's cash-strapped gambling hub, avoided a default on Monday by making its $1.8 million debt service payment, Mayor Don Guardian said. "If we didn't make our bond payment it would be detrimental, including us," Mayor Don Guardian said at a press conference. Tax-exempt serial maturities from 2023 through 2032 are...

  • People walk on the boardwalk in Atlantic City, N.J., Nov. 8, 2014.

    Atlantic City decided to make its $1.8 million bond payment Monday to avoid default, Mayor Don Guardian says.

  • A Puerto Rican flag flies from a building in San Juan, Puerto Rico.

    Puerto Rico is at risk of registering its largest default to date, as $470 million in debt obligations are due on Monday.

  • Puerto Rico's looming default

    CNBC's Kate Kelly and Nader Tavakoli, President and CEO of Ambac Financial Group and Ambac Assurance Corp., discuss Puerto Rico's looming debt deadline on Monday, May 2nd.

  • April 21- Atlantic City's independent public water utility had its credit rating downgraded four notches to junk on Thursday because of uncertainty about whether it would be dissolved or restructured to generate money for the nearly insolvent New Jersey city. The revenue bonds issued by Atlantic City Municipal Utilities Authority were cut to' B-' and placed...

  • Mickey Mouse (L)rides on a golden Dumbo with Caroline Sunshine age nine, on the Disney 50th anniversary press preview day at Disneyland in Anaheim, CA,

    Orange County, still paying off debt from its 1994 bankruptcy filing, hopes to issue its first long-term bond sale in nearly a decade.

  • April 20- The Government Development Bank of Puerto Rico has filed with regulators to issue taxable one-year notes as it faces a looming debt default on May 1, Bloomberg news service reported on Wednesday. The filing with the Municipal Securities Rulemaking Board did not list the size of the possible deal or the coupon, Bloomberg reported.

  • WASHINGTON, April 19- A high-ranking Republican senator on Tuesday dismissed as "not satisfactory" draft legislation aimed at addressing Puerto Rico's fiscal crisis before a looming debt default on May 1, deepening intraparty divisions on the complex rescue effort. Orrin Hatch of Utah, who chairs the powerful Senate Finance Committee, told reporters that...

  • NEW YORK, April 14- A top official of a New York City suburb was charged on Thursday with defrauding investors who helped finance a controversial minor league baseball stadium, in what authorities called the first criminal securities fraud prosecution involving municipal bonds. Christopher St. Lawrence, the elected supervisor of Ramapo, New York, was charged...

  • NEW YORK, April 14- Two Ramapo, New York, officials have been indicted in what the federal government believes is the first criminal securities fraud prosecution involving municipal bonds. A 22- count indictment unveiled on Thursday charges Christopher St. Lawrence, the town supervisor, and N. Aaron Troodler, former executive director of the non-profit Ramapo...

  • NEW YORK, April 14- The FBI has arrested the town supervisor of Ramapo, New York, whose municipal bonds have been at the center of an investigation of potential securities violations, an agency spokeswoman said on Thursday. During the May 2013 operation, the FBI seized material on the town's finances since 2009 and bonds issued by Ramapo and the Local Development...