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Bonds Municipal Bonds

  • Aurora Denver Colorado

    Seniors looking to relocate to another state in retirement must be aware of these unexpected consequences, both financial and not.

  • The SEC's decision comes after the U.S. Court of Appeals for the District of Columbia ruled in January that the regulator overstepped its authority when it barred attorney and stock broker Gregory Bartko from working in various financial services sectors, including the transfer agent and municipal securities industries. The SEC has routinely taken civil...

  • SAN FRANCISCO, Feb 17- The state of Delaware will sell $225 million of general obligation bonds on Feb. 23, the largest offer in a trading week shortened by the Presidents Day holiday on Monday. The subdued level of supply is in line with the low-volume trend that began at the outset of the month, according to Alan Schankel, managing director and municipal strategist...

  • CHICAGO/ NEW YORK, Feb 3- U.S. Municipal bond sales next week from New York City, the state of Oregon and a California healthcare provider worth nearly $1.7 billion include warnings to potential buyers that Trump's policies could pose a financial risk to these issuers. New York City on Tuesday told potential investors for its upcoming $800 million bond sale that...

  • CHICAGO/ NEW YORK, Feb 3- U.S. Municipal bond sales next week from New York City, the state of Oregon and a California healthcare provider worth nearly $1.7 billion include warnings to potential buyers that Trump's policies could pose a financial risk to these issuers. New York City on Tuesday told potential investors for its upcoming $800 million bond sale that...

  • In a statement on Wednesday, the Fiscal Agency and Financial Advisory Authority said the island will miss the GO debt payment; payments owed at Puerto Rico's public finance and infrastructure agencies; and $279 million owed by its Government Development Bank. Puerto Rico has been defaulting on debt periodically for more than a year, including on GO debt, and the...

  • CHICAGO, Jan 19- Chicago's $888.7 million of tax-free general obligation bonds fetched hefty yields and coupons on Thursday, as the city paid a stiff market penalty for its fiscal woes. Yields in Chicago's deal were also much fatter than those of other muni bonds carrying the same low-investment grade ratings of BBB-minus from Fitch Ratings and BBB-plus from...

  • NEW YORK, Jan 10- The Port Authority of New York and New Jersey has agreed to pay $400,000 to settle allegations it failed to inform investors of risks to roadway projects, becoming the first municipal bond issuer to admit wrongdoing in an enforcement action with U.S. securities regulators. Reuters was first to report in April that the bi-state agency, which...

  • NEW YORK, Jan 10- The Port Authority of New York and New Jersey has agreed to pay $400,000 to settle allegations it failed to inform investors of risks to roadway projects, becoming the first municipal bond issuer to admit wrongdoing in an enforcement action with U.S. securities regulators. Reuters was first to report in April that the bi-state agency, which...

  • NEW YORK, Jan 4- U.S.-based bond funds netted cash for the first time since the U.S. election shook the fixed-income market, Investment Company Institute data released on Wednesday showed. Bond mutual funds and exchange-traded funds gathered $1.9 billion in the seven days through Dec. 28 as strong demand for taxable bonds offset a two-month municipal debt fund...

  • 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...

  • NEW YORK, Nov 20- Investors who piled into bond funds for safety will see red when they unfurl their current account statements this holiday season. Retreating from stocks in 2016, fund investors plunged $194 billion in U.S.-based bond funds in the first three quarters this year, according to the Investment Company Institute, a trade group.

  • NEW YORK, Nov 20- Investors who piled into bond funds for safety will see red when they unfurl their current account statements this holiday season. Retreating from stocks in 2016, fund investors plunged $194 billion in U.S.-based bond funds in the first three quarters this year, according to the Investment Company Institute, a trade group.