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Bonds Municipal Bonds

  • SAN FRANCISCO, Dec 30- U.S. municipal bond and note issuance reached a six-year high in 2016, closing the year with $423.8 billion in new sales and up 12 percent from 2015, according to Thomson Reuters data. The last time the annual issuance was larger than 2016' s total was in 2010, when $430.4 billion of new bond and notes were sold on the municipal market.

  • CHICAGO, Dec 27- Investors pulled another $2 billion from U.S. municipal bond funds in the latest week, underscoring fears that potential sweeping tax changes under President-elect Donald Trump and a Republican Congress will undermine the tax-exempt debt market. Since the Nov. 8 election, munis suffered more than any other fixed-income sector with a negative...

  • NEW YORK, Dec 21- Investors feasted on stock exchange-traded funds during the latest week while delaying their escape from the stressed bond market, data from the Investment Company Institute showed on Wednesday. Some $26.9 billion flooded into U.S.-based stock ETFs during the seven days through Dec. 14, the trade group said, the largest figure since the funds...

  • SAN FRANCISCO, Dec 16- Debt sales in the U.S. municipal market will cool off next week as issuers bring fewer offers in advance of the Christmas and New Year's holidays, with new issuance totaling about $500 million next week. The biggest competitive offer will come from Massachusetts, which is offering two general obligation refunding deals totaling $188...

  • CHICAGO/ NEW YORK, Dec 9- The financially struggling Chicago Board of Education next week will sell a new type of debt, armed with an investment grade rating from Fitch Ratings based on the bonds' ability to withstand a bankruptcy filing. The $500 million of capital improvement tax bonds slated to price through Barclays Capital are secured by a new property tax...

  • District Judge Cecilia Altonaga said the SEC has already made an example of former budget director Michael Boudreaux in its first municipal securities fraud case to go to trial. Though a jury found Boudreaux acted with severe recklessness, he did not gain financially from his conduct, Altonaga said, adding that the fine the SEC was seeking appeared "...

  • 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...

  • Construction workers pour concrete as part of a bridge expansion project in California.

    U.S. companies are parking trillions overseas, with little progress from policymakers trying to bring all that money home.

  • Interest rates rising

    With the Federal Reserve planning to gradually raise interest rates, investors should know this about their fixed-income portfolios.

  • Chicago Mayor Rahm Emanuel

    Chicago Mayor Rahm Emanuel unveiled on Wednesday a plan to save the city's biggest retirement system from insolvency.

  • NYSE New York Stock Exchange traders markets

    Fixed income strategist Mark Grant says a dip in global bond yields is herding investors to the U.S.

  • Best bets for your money

    Rick Keller, First Foundation Chairman, and Chad Schiel, Schiel Wealth Management, discuss their strategies for the current market environment.

  • Negative rates are creating financial turmoil around the world and opportunity in the U.S.

  • Demonstrators, protesting the state of Illinois budget stalemate, rally in the Loop before marching to the Chicago Board of Trade Building where they bolcked all of the entrances to the building on November 2, 2015 in Chicago, Illinois.

    Moody's Investors Service cut Illinois' credit rating by one notch to Baa2 with a negative outlook on Wednesday, citing a political stalemate.

  • A Boston public school student holds a sign while protesting proposed school budget cuts in Boston on March 7, 2016.

    It's hard to imagine a state in worse financial shape than Illinois, but three others face an even bigger fiscal mess.

  • Venezuela in freefall

    Discussing Venezuela's economy and debt with Hans Humes, Greylock Capital Founder & CEO, and Daniel Phillips, Director of Political and Macroeconomic Research at Callaway Capital.

  • 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.

  • 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.