CHICAGO, Sept 22- Illinois will sell $6 billion of bonds in October to shrink the state's unpaid bill backlog that hit a record $16 billion this week, the Governor's Office of Management and Budget said on Friday. In October, Illinois will sell $4.5 billion of general obligation bonds through a team of senior underwriters consisting of Barclays Capital, Bank of...
CHICAGO, Sept 22- Illinois will sell $6 billion of bonds in October to shrink the state's unpaid bill backlog that hit a record $16 billion this week, the Governor's Office of Management and Budget said on Friday. In October, Illinois will sell $4.5 billion of general obligation bonds through a team of senior underwriters consisting of Barclays Capital, Bank of...
A look at the AP Municipal Bond Index for Friday, Sept. 22:. Yield increased 7 basis points over the last week to 1.53 percent. It was 5 basis points on Sept. 15.
Maria made landfall on Puerto Rico midweek and tore across the island of 3.4 million people, destroying buildings and downing nearly all power and communications. Struggling under $72 billion in debt, Puerto Rico filed the biggest government bankruptcy in U.S. history earlier this year. Complicating recovery efforts, Puerto Rico is under the oversight of a...
A look at the AP Municipal Bond Index for Thursday, Sept. 21:. Yield rose 7 basis points over the last week to 1.69 percent. It was 4 basis points on Sept. 14.
A look at the AP Municipal Bond Index for Wednesday, Sept. 20:. Yield increased 6 basis points over the last week to 1.68 percent. It was 3 basis points on Sept. 13.
NEW YORK, Sept 20- A tide of cash swept into U.S.-based taxable-bond funds for a 41st straight week, with inflows for the funds swelling to $8.7 billion, from $5.9 billion the week prior, Investment Company Institute data showed on Wednesday. Municipal bond mutual funds and exchange-traded funds pulled in $908 million in the week ended Sept. 13, up from $527 million...
A look at the AP Municipal Bond Index for Tuesday, Sept. 19:. Yield climbed 4 basis points over the last week to 1.82 percent. It was 6 basis points on Sept. 12.
A look at the AP Municipal Bond Index for Monday, Sept. 18:. Yield rose 6 basis points over the last week to 1.83 percent. It was 7 basis points on Sept. 11.
A look at the AP Municipal Bond Index for Friday, Sept. 15:. Yield rose 7 basis points over the last week to 2.02 percent. It was 14 basis points on Sept. 8.
A look at the AP Municipal Bond Index for Thursday, Sept. 14:. Yield increased 7 basis points over the last week to 2.01 percent. It was 14 basis points on Sept. 7.
A look at the AP Municipal Bond Index for Wednesday, Sept. 13:. Yield rose 5 basis points over the last week to 1.04 percent. It was 10 basis points on Sept. 6.
A look at the AP Municipal Bond Index for Tuesday, Sept. 12:. Yield climbed 3 basis points over the last week to 1.02 percent. It was 14 basis points on Sept. 5.
A look at the AP Municipal Bond Index for Monday, Sept. 11:. Yield dropped 5 basis points over the last week to 1.76 percent. It was 7 basis points on Sept. 1.
Sept 6- The U.S. Virgin Islands for years redirected money intended to help pay insurance claims after large disasters for other needs, raising the vulnerability of residents as Hurricane Irma ravishes the territory. During years of yawning budget deficits, the U.S. protectorate tapped the V.I. Insurance Guaranty Fund to pay for other public services,...
BOSTON/ NEW YORK, Aug 31- Longtime municipal finance maven Marilyn Cohen unloaded several million dollars worth of Houston- area utility bonds on Tuesday even though she did not see a high risk to the debt- because a few of her clients were getting nervous. The sales were, however, just a small piece of her total Houston holdings, and so far prices in the space have not...
Aug 29- Demand for the state of California's $2.5 billion of general obligation bonds on Tuesday led underwriters to reduce yields in several maturities of the issue. California's sale marks the largest deal expected this week. Over the current year, California's credit spread over Municipal Market Data's benchmark triple-A yield scale for 10- year bonds...
HARTFORD, Aug 23- Connecticut, home to hedge fund billionaires alongside cities mired in poverty, is racing against the clock to pass a budget or face further spending cuts to education and municipal aid across the state. Nearly two months without a budget, Connecticut is getting crushed by a burdensome debt load that has squeezed spending and amplified...
HARTFORD, Aug 23- Connecticut, home to hedge fund billionaires alongside cities mired in poverty, is racing against the clock to pass a budget or face further spending cuts to education and municipal aid across the state. Nearly two months without a budget, Connecticut is getting crushed by a burdensome debt load that has squeezed spending and amplified...
HARTFORD, Aug 23- Connecticut, home to hedge fund billionaires alongside cities mired in poverty, is racing against the clock to pass a budget or face further spending cuts to education and municipal aid across the state. Nearly two months without a budget, Connecticut is getting crushed by a burdensome debt load that has squeezed spending and amplified...
