Bonds Municipal Bonds


  • Puerto Rico deadlines loom: What you need to know Sunday, 30 Aug 2015 | 2:48 PM ET
    A Puerto Rican flag flies from a building in San Juan, Puerto Rico.

    Puerto Rico faces three major debt-related deadlines next week, all with potentially severe monetary consequences.

  • BEIJING, Aug 27- China has expanded its debt-for-bond swap programme for local governments to 3.2 trillion yuan from 2 trillion yuan, state news agency Xinhua quoted Finance Minister Lou Jiwei as saying on Thursday. The programme, which is meant to ease the financing pressure on China's heavily indebted local governments, has been steadily expanded from a...

  • What exactly is a market correction? Friday, 21 Aug 2015 | 4:07 PM ET
    Trader on the floor of the New York Stock Exchange.

    CNBC explains: What is a correction? How do they come about? What do they mean for the stock market?

  • Aug 19- Detroit's post-bankruptcy debut in the U.S. municipal bond market on Wednesday resulted in hefty yields for $245 million of bonds, signalling that investors remain skeptical of the city's recovery. The bonds earned an investment-grade A rating from Standard& Poor's largely based on a Michigan law that placed a specific statutory lien on Detroit...

  • NEW YORK Aug 18- Puerto Rico postponed until later this week its first bond sale in public markets since it defaulted, investors said on Tuesday, an offering that according to Fitch ratings agency may attract high-yield municipal funds. According to data company IPREO, the $750 million deal for the Puerto Rico Aqueduct and Sewer Authority was slated to price on...

  • China leaves back door ajar in municipal bond market Sunday, 16 Aug 2015 | 5:00 PM ET

    SHANGHAI, Aug 17- China has been pushing local governments out of shadow banking and into the sunlight with a 2.6 trillion yuan bond program, all in the name of financial reform. Investors, though, seem to like it just fine in the shadows- and Beijing seems to be quietly encouraging them. "When they let LGFVs tap the bond markets and bank financing again, it was an...

  • SHANGHAI, Aug 14- A municipal bond auction by Qingdao municipality in north China was fully subscribed on Friday, traders said, following last Friday's undersubscribed auction by Liaoning province. The Liaoning auction was the first to publicly fail to achieve full subscription in 2015.. Investors have been watching closely to see if the Liaoning result...

  • Puerto Rico debt too risky? Look here: Expert Wednesday, 5 Aug 2015 | 3:13 PM ET
    The Puerto Rican Capitol in San Juan

    As Puerto Rican debt grows riskier, investors seeking high yield should seek out individual projects, a top bond analyst said.

  • Nuveen's best muni bets Wednesday, 5 Aug 2015 | 1:38 PM ET
    Nuveen's best muni bets

    How to play Puerto Rico's debt crisis, with Shawn O'Leary, Nuveen Asset Management.

  • Here's why Puerto Rico's broke Tuesday, 4 Aug 2015 | 3:24 PM ET
    People look at the job listings posted at an unemployment office in San Juan, Puerto Rico.

    Puerto Rico's job base continues to shrink, taking its economy along with it.

  • Moody's says Puerto Rico has defaulted Monday, 3 Aug 2015 | 4:18 PM ET

    Puerto Rico's Government Development Bank announced that it was only able to make a partial payment on its Public Finance Corporation debt.

  • S&P cuts Atlantic City rating 3 notches to 'B' Monday, 3 Aug 2015 | 3:01 PM ET
    People on the boardwalk in Atlantic City, NJ.

    Casino hub Atlantic City had its credit rating cut Monday amid concerns about a dissolving tax base and fiscal reforms.

  • Another problem Puerto Rico doesn't need Monday, 3 Aug 2015 | 11:11 AM ET
    A power station of Puerto Rico Electric Power Authority, in San Juan.

    Puerto Rico, already hobbled by debt, is weighed down by outdated infrastructure that has increased the cost of doing business on the island.

  • How Puerto Rico can get out of its economic 'mess' Monday, 3 Aug 2015 | 10:24 AM ET
    Edwin Medina (L) and Coral Tapia use the resources available to look for work at an unemployment office a day after the governor gave a televised speech regarding the government's $72 billion debt on June 30, 2015 in San Juan, Puerto Rico.

    Even if the U.S. government won't allow Puerto Rico Chapter 9 bankruptcy, the territory could still potentially get by.

  • Puerto Rico debt relief? It's tricky: Expert Friday, 31 Jul 2015 | 4:03 PM ET
    A rundown building in Old San Juan, Puerto Rico.

    Puerto Rico faces two options to resolve its debt crisis, and both look difficult as a payment deadline looms, one expert said.

  • Puerto Rico nears default as debt reform beckons Friday, 31 Jul 2015 | 6:21 AM ET
    Puerto Rico capitol building

    Puerto Rico's expected default on debt due Saturday would be the start to what could end up becoming one of the largest municipal restructurings.

  • Puerto Rico bonds: Great upside, but buyer beware Thursday, 30 Jul 2015 | 3:40 PM ET
    A Puerto Rican flag flies from a building in San Juan, Puerto Rico.

    High-yield Puerto Rican bonds hold upside, but big risks remain as the commonwealth could fail to meet its next payment deadline.

  • Puerto Rico's cash crunch Thursday, 30 Jul 2015 | 3:08 PM ET
    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 Thursday, 30 Jul 2015 | 2:12 PM ET
    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.