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Bonds Municipal Bonds

  • NEW YORK, May 22- The U.S. House of Representatives on Tuesday passed legislation that reclassifies investment-grade municipal bonds as high-quality liquid assets, a long-awaited move that public officials say will help lower financing costs on infrastructure projects nationwide. The measure was included in bipartisan legislation, which already passed...

  • San Juan, Puerto Rico.

    U.S. lawmakers closed a long-standing legal loophole that helped spark a financial crisis in Puerto Rico that has decimated the savings of thousands of residents

  • Today your broker-dealer must tell you how much it's earning off your bond trades. Here's why.

  • Bank of America's investment arm has offered some soothing words to investors fretting about an imminent meltdown in global equities and a resulting slowdown.

  • NEW YORK, May 2- A series of big tobacco bond refundings is reshaping the U.S. municipal junk bond market, taking what has been a high-yielding staple and slowly turning it investment grade. "One of the largest sectors in the high-yield universe is shrinking," said William Black, senior portfolio manager at City National Rochdale in Chicago. Since the start of 2016,...

  • CHICAGO, April 25- Investors seeking hefty yields helped Illinois' $500 million bond sale on Wednesday result in narrower spreads over the municipal market's benchmark scale. "It is difficult to understand why investors would be more comfortable with the 3.38 percent 10- year yield of a bond secured by Delta Airlines over a 4.55 percent 10- year yield for...

  • *Announcement could come with Q1 earnings- source. FRANKFURT, April 24- Deutsche Bank AG may spell out strategy changes for its investment bank on Thursday along with first-quarter earnings, a person with knowledge of the matter said on Tuesday. Cuts to U.S. municipal bonds trading and parts of its Asia business are also being considered.

  • *Announcement could come with Q1 earnings- source. FRANKFURT, April 24- Deutsche Bank AG may spell out strategy changes for its investment bank on Thursday along with first-quarter earnings, a person with knowledge of the matter said on Tuesday. Cuts to U.S. municipal bonds trading and parts of its Asia business are also being considered.

  • April 13- California will sell $2.147 billion of bonds in the U.S. municipal market's biggest offering next week, with the state looking to place some of the debt with overseas buyers. The preliminary official statement for the taxable general obligation bonds includes advisories for countries in Europe and Asia. The California deal's $947 million of new...

  • NEW YORK, April 5- Twenty-nine percent of municipal market analysts expect the elimination of advance refunding bonds to have the greatest impact of all new U.S. tax laws on the $3.8 trillion market in 2018, according to a survey released on Thursday. The survey by PNC Capital Markets found 78 percent of bond credit specialists expect municipal debt issuance in...

  • NEW YORK, March 28- Connecticut paid a price for its credit woes on Wednesday as it borrowed $620 million at wider spreads than when it last issued similar debt a year ago, despite strong overall demand in the U.S. municipal bond market. Since then, however, state lawmakers and Governor Dannel Malloy hit a budget impasse amid a huge revenue slump that led all three...

  • NEW YORK, March 27- Puerto Ricos Government Development Bank, the islands insolvent former fiscal agent now in wind-down mode, has tweaked its $5 billion debt restructuring deal to help keep small towns afloat six months after Hurricane Maria. Governor Ricardo Rossellos office said in a statement on Tuesday that the bank, known as the GDB, will allow towns to...

  • NEW YORK, March 26- Puerto Rico's benchmark bond surged to a 25- week high on Monday, its busiest trading day since October, after the bankrupt U.S. territory nearly doubled its projected five-year surplus to $6 billion as it recovers from Hurricane Maria. General obligation bonds maturing in 2035 changed hands more than 100 times on Monday and traded as high as 45...

  • NEW YORK, March 8- The U.S. municipal bond market inched up to $3.851 trillion in the fourth quarter of 2017 from $3.809 trillion the previous quarter, according to a quarterly report from the Federal Reserve released on Thursday. Households, or retail investors, held $1.570 trillion of debt sold by states, cities, schools and other muni issuers in the latest...

  • Rising interest rates and uncertainty over tax reform contributed to the worst January for municipal bonds since 1981.

    While market turmoil has led investors to safety in the form of Treasurys and muni bonds, the outlook for the tax-exempt market is murky.

  • CHICAGO, Feb 23- Debt sales for airports in Houston and Los Angeles are part of $5.43 billion in bonds and notes set to hit the U.S. municipal market next week, according to Thomson Reuters estimates on Friday. Los Angeles will sell nearly $376 million of subordinate revenue bonds subject to the AMT for its international airport through Barclays Capital on...

  • 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...