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Bonds Municipal Bonds

  • NEW YORK, July 18- After three years of futile efforts to restructure some $9 billion of debt at Puerto Rico's PREPA, creditors of the now-bankrupt power utility are asking a U.S. federal judge to appoint a receiver to manage PREPA's assets. Political appointees of Puerto Rico's Governor Ricardo Rossello, they argued, cannot be trusted to do so.

  • CHICAGO, July 10- A decision on whether Illinois becomes the first U.S. state whose bond ratings tip into junk was not imminent on Monday as credit rating agencies said they were still reviewing the state's newly enacted budget and tax package. Analysts at the three major rating agencies, which rate Illinois one or two notches above junk, declined to comment on the...

  • CHICAGO, July 5- Prices on some Illinois general obligation bonds rose in secondary market trading on Wednesday after a holiday weekend packed with legislative action on the state's first budget since 2015.. Over the Fourth of July holiday weekend, the Democratic-controlled Illinois House and Senate passed a $36 billion fiscal 2018 spending plan and $5...

  • CHICAGO, July 3- The fate of Illinois' first budget since 2015 moved to the Senate on Monday after the House of Representatives completed its work by approving legislation to implement a spending plan for fiscal 2018.. All three measures, which passed the Democratic-controlled chamber with the support of some Republicans, are destined for votes in the Senate.

  • CHICAGO, July 3- The fate of Illinois' first budget since 2015 moved to the Senate on Monday after the House of Representatives completed its work by approving legislation to implement a spending plan for fiscal 2018.. All three measures, which passed the Democratic-controlled chamber with the support of some Republicans, are destined for votes in the Senate.

  • NEW YORK, July 3- U.S. states, cities, schools and other issuers sold $187.2 billion of debt in the first half of 2017, a 12.9 percent drop from the same period last year, according to Thomson Reuters data released on Monday. Bank of America Merrill Lynch was the top underwriter during the period between Jan. 1 through June 30, with $26.7 billion of debt in 282 deals.

  • NEW YORK, July 3- U.S. municipal bond market issuers sold $187.2 billion of debt in the first half of 2017, a 12.9 percent drop from the same period last year, according to Thomson Reuters data released on Monday. Bank of America Merrill Lynch was the top underwriter from Jan. 1 through June 30, with $26.7 billion of debt in 282 deals. California topped the list of...

  • Santelli Exchange: Illinois' budget deadline looms

    Nuveen Asset Management Co-Head of Global Fixed Income, John Miller & CNBC's Rick Santelli discuss what Illinois' $6 billion deficit means for muni bonds.

  • Junk yard

    Illinois is on track to become the first state to have its credit rating downgraded to "junk."

  • MUMBAI, June 19- Pune, a city in India's western state of Maharashtra, sold $31 million in 10- year bonds on Monday, as cities in Asia's third-largest economy look to tap investors for the first time in a decade to finance infrastructure projects. Although India is planning to spend up to 48 billion rupees in its Smart Cities project, it needs cities such as Pune to...

  • MUMBAI, June 19- Pune, a city in India's western state of Maharashtra, sold $31 million in 10- year bonds on Monday, as cities in Asia's third-largest economy look to tap investors for the first time in a decade to finance infrastructure projects. Although India is planning to spend up to 48 billion rupees in its Smart Cities project, it needs cities such as Pune to...

  • NEW YORK, June 14- A rise in cyber attacks on U.S. public sector targets so far has had little impact in the $3.8 trillion municipal debt market, with no issuer as yet hit security threat. "State and local governments are a huge target, quite frankly an easy target for bad guys," said Bob Anderson, managing director for information security at Navigant management...

  • NEW YORK, June 14- A rise in cyber attacks on U.S. public sector targets so far has had little impact in the $3.8 trillion municipal debt market, with no issuer as yet hit security threat. "State and local governments are a huge target, quite frankly an easy target for bad guys," said Bob Anderson, managing director for information security at Navigant management...

  • Great time for sector rotation: Expert

    Chris Zaccarelli, Cornerstone CIO, and Kevin Giddis, Raymond James, provide their plays on stocks and bonds. I'd be a buyer in tech if they go down low enough, says Zaccarelli.

  • CHICAGO, June 8- Illinois general obligation bond prices plummeted and yields soared in the U.S. municipal market on Thursday, a day after a federal judge ordered the cash-strapped state to find more money to pay Medicaid providers. Late on Wednesday, U.S. District Court Judge Joan Lefkow said Illinois' action to make only minimal payments to healthcare...

  • SAN FRANCISCO, June 5- A lean issuance calendar in the municipal bond market is propping up debt prices for U.S. cities and states and will likely keep a floor under some of the markets wobbly sectors, even hospitals, according to data and analysts. Credit traditionally seen as more risky by investors, such as BBB-rated hospitals that rely heavily on...

  • SAN FRANCISCO, June 5- A lean issuance calendar in the municipal bond market is propping up debt prices for U.S. cities and states and will likely keep a floor under some of the markets wobbly sectors, even hospitals, according to data and analysts. Credit traditionally seen as more risky by investors, such as BBB-rated hospitals that rely heavily on...

  • Chicago Teachers Union employees and supporters protest outside of City Hall in Chicago, on July 2, 2015.

    The credit agency cited "unrelenting political brinksmanship" and slashed Illinois' rating to Triple B minus.

  • NEW YORK, May 31- Fund investors binged on bonds during the latest week, sending another $8.1 billion to U.S.-based debt funds that have not recorded a week of withdrawals this year, Investment Company Institute data showed on Wednesday. Taxable bond mutual funds and exchange-traded funds in the United States attracted $7.4 billion, while municipal bond funds...

  • NEW YORK, May 30- A federal judge on Tuesday ordered the trustee for Puerto Ricos COFINA bonds not to make a $16 million payment due on June 1, allowing creditors to litigate competing claims to the money that could be central to how the bankrupt U.S. territory restructures debt. Judge Laura Taylor Swain made the ruling during a hearing in her Manhattan courtroom,...