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Bonds Municipal Bonds

  • The precipitous rise in bond yields and changes in tax laws could help jeopardize a critical part of President Trump's economic agenda.

  • CHICAGO, Feb 13- The federal tax exemption for a type of debt refunding used by U.S. states, cities, schools and other issuers to lower borrowing costs would be restored under a new bipartisan bill in Congress, two of its sponsors said on Tuesday. Representative Randy Hultgren, an Illinois Republican, and U.S. The focus on infrastructure by the Trump Administration...

  • CHICAGO, Feb 13- The federal tax exemption for a type of debt refunding used by U.S. states, cities, schools and other issuers to lower borrowing costs would be restored under a new bipartisan bill in Congress, two of its sponsors said on Tuesday. Representative Randy Hultgren, an Illinois Republican, and U.S. Advance refunding bond issuance totaled $91 billion in...

  • NEW YORK, Feb 8- Pennsylvania's Commonwealth Financing Authority on Thursday updated an offering statement for the planned sale of $1.39 billion of tobacco bonds next week after its first attempt to market the deal failed due to a lawsuit against state officials. The sale was postponed when fireworks companies in Pennsylvania filed a complaint questioning...

  • NEW YORK, Feb 1- U.S. fund investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday. Relatively low-risk money-market funds recorded $26 billion in withdrawals during the week ended Jan. 31, while stock mutual funds and exchange-traded funds took in a combined...

  • Feb 1- U.S. states, cities, schools and other issuers in the municipal market sold only $19.57 billion of debt in January, the lowest supply for that month since 2014, according to Thomson Reuters data on Thursday. Issuance plummeted after nearly $58.2 billion of debt hit the $3.8 trillion market in December. January supply was also hit by the postponed pricing...

  • NEW YORK, Jan 31- U.S. fund investors ignored rising bond yields and stomped into the markets in the days leading up to an equity selloff this week, Investment Company Institute data confirmed on Wednesday. More than $23 billion of that money moved into equities, the most since June, and another $15 billion went to bonds, ICI said. "We've had a lot of cash on the sidelines...

  • The SEC declined to comment. The SEC began ramping up its oversight of the muni bond market in 2014, when it launched the Municipalities Continuing Disclosure Cooperation initiative. The program has led to a slew of enforcement actions, with the SEC charging 71 municipal issuers for violations in municipal bond offerings in August 2016.

  • CHICAGO, Jan 23- Weaker demand resulted in wider spreads on Tuesday for the sale of highly rated bonds Chicago pulled from the U.S. municipal market last week in order to restructure the deal. The pricing of nearly $376.3 million of the city's Sales Tax Securitization Corporation tax-exempt bonds resulted in spreads of 53 to 60 basis points over Municipal...

  • *Chicago plans $661 mln bond sale, down from $898 mln. Jan 19- Chicago will hit the U.S. municipal market next week with a downsized version of a bond issue that originally had been slated to sell this week. Chicago's Sales Tax Securitization Corp plans to sell $661 million of tax-exempt and taxable bonds, according to a market source familiar with the deal.

  • CHICAGO, Jan 16- Minnesota Governor Mark Dayton on Tuesday proposed $1.54 billion of capital projects funded largely through the sale of highly rated general obligation bonds, although the state's ratings have come under a cloud due to a fight over the legislature's budget. Now is the time to make substantial investments in our states future, "Dayton said in a...

  • NEW YORK, Dec 29- The U.S. municipal bond market heads into the New Year with a thin number of deals after ending 2017 with a staggering upswing in supply as issuers raced to sell before a new tax law takes hold. Roughly $934.7 million in municipal bonds and notes are expected to come to market next week, against a weekly average of more than $7 billion for the past 12...

  • "The beginning of the year is going to be a period of confusion, of institutional components of the muni market figuring out where they stand... you're going to have individuals go through the same thing," said Christopher Mier, chief strategist and economist of Loop Capital's analytical services division in Chicago. State GO and revenue bonds made up $52.74...

  • CHICAGO, Dec 20- The U.S. municipal bond market emerged bruised but not decimated by the federal tax bill that won final approval in the U.S. Congress on Wednesday, analysts said. The worst-case scenario of Congress yanking the federal tax exemption for interest earned from debt sold in the $3.8 trillion market used by states, cities, schools and other issuers did...

  • Bond traders

    Breakingviews says that yields should rise as central banks curb their appetite for national debt in the next year.

  • Broken bonds: The role Wall Street played in wiping out Puerto Ricans' savings

    A CNBC investigation found that top UBS executives knew brokers were selling funds packed with risky Puerto Rico bonds. CNBC's Leslie Picker reports.

  • NEW YORK, Dec 13- A former elected official of a New York City suburb was sentenced to 2-1/ 2 years in prison on Wednesday following his conviction in what U.S. prosecutors have called the first criminal securities fraud case brought over municipal bonds. Christopher St. Lawrence, who was supervisor of Ramapo, New York, was sentenced by U.S. Lawrence in April 2016...

  • Catch the wave of muni bond offerings?

    CNBC's Leslie Picker reports a wave of municipal bond offerings could be coming before the end of the year as tax rules are likely to change. Laurence Gottlieb, Fundamental Advisors, weighs in.

  • CHICAGO, Dec 6- Strong demand in the U.S. municipal bond market drove yields lower on a Chicago bond sale under a new debt structure on Wednesday. The $575 million of tax-exempt and taxable bonds were the first to be sold by the city's new Sales Tax Securitization Corporation and came to market as U.S. muni bond prices rallied amid a huge surge in supply.

  • CHICAGO/ SAN FRANCISCO, Dec 1- The possibility that U.S. Congress could end federal tax breaks for a significant portion of the municipal market, raising borrowing costs for states, cities, hospitals and other debt issuers, is spurring a year-end spike in tax-free bond sales. That possibility, which first surfaced Nov. 2 in the U.S. House Republicans' tax bill, would...