NEW YORK, Nov 2- The typically steady-as-she-goes U.S. municipal bond market is beginning to tread on shaky ground, with continuous mutual fund outflows, weaker prices and rising supply in recent weeks. "On the munis side of things, there have been some challenges and we've seen some of those challenges in the last few weeks," said Peter Hayes, head of BlackRock's...
Peter Hayes, managing director, CIO and head of Blackrock's Municipal Bond Group, discusses whether the fear of rising rates will push investors to buy into municipal bonds.
The fall months are typically weak for muni bonds, and although this year has generally bucked seasonal trends, it looks that way again this year.
CHICAGO, Oct 11- A continued surge in interest rates could sink a plan under consideration by Chicago Mayor Rahm Emanuel's administration for a massive bond sale to boost pension funding, a city official said on Thursday. Brown is mulling a highly rated securitization of a Chicago revenue stream that could produce as much as $10 billion for pensions, boosting...
John Miller, Nuveen head of municipals, discusses how municipal bonds have been performing in an environment of rising rates.
NEW YORK, Sept 20- The size of the U.S. municipal bond market inched up to $3.853 trillion in the second quarter, from $3.851 trillion the quarter before, the Federal Reserve said in a report released on Thursday. Households, or retail investors, held $1.625 trillion of debt sold by states, cities, schools and other muni issuers in the latest quarter, down from $1.631...
MUNICIPAL BOND MARKET ROSE TO $3.853 TRLN IN Q2 OF 2018 FROM $3.851 TRLN IN Q1- FEDERAL RESERVE.
NEW YORK, Sept 20- The size of the U.S. municipal bond market inched up to $3.853 trillion in the second quarter of 2018 compared to $3.851 in the first quarter, the Federal Reserve said in a report released on Thursday.
HOUSEHOLDS' MUNICIPAL BOND ASSETS FELL TO $1.625 TRLN IN Q2 FROM $1.631 TRLN IN Q1- FEDERAL RESERVE.
Washington and Illinois, two of last year's top five export states by dollar value, for the first time warned about potential trade-related consequences in documents for recent bond sales. Now an expanding tariff war with China and Trump's threat to withdraw from the 24- year-old North American Free Trade Agreement between the United States, Mexico and...
CHICAGO, Aug 22- Yield-hungry investors snapped up nearly $966 million of Illinois bonds on Wednesday as the state was once again penalized in the U.S. municipal market for its big fiscal woes. Illinois has the lowest credit ratings among the U.S. states at a notch or two above junk due to financial problems that include a $129 billion unfunded pension liability...
NEW YORK, Aug 22- Credit risks stemming from cyberattacks on U.S. cities, school districts and other municipal bond issuers are likely to grow as the public sector remains an easy target for hackers, S&P Global Ratings said in a report on Wednesday. The U.S. public sector has broadly and quickly adopted new technologies to provide public services, such as online...
WASHINGTON, Aug 22- U.S. banking regulators said on Wednesday they were easing liquidity rules on the treatment of municipal securities, allowing banks to count more of the assets toward certain liquidity requirements. State and local governments also pushed for the relaxed treatment of municipal securities while Congress considered the law to ensure the...
WASHINGTON, Aug 22- U.S. banking regulators said on Wednesday they were easing liquidity rules on the treatment of municipal securities, allowing banks to count more of the assets against certain liquidity requirements. The interim final rule, announced by the Federal Reserve, allows banks to treat "investment grade" municipal securities as "high quality...
BANKING REGULATORS EASE LIQUIDITY RULES ON TREATMENT OF MUNICIPAL SECURITIES- FEDERAL RESERVE.
RULE CHANGE ALLOWS BANKS TO TREAT' INVESTMENT GRADE' MUNICIPAL SECURITIES AS HIGH QUALITY LIQUID ASSETS- FED.
WASHINGTON, Aug 20- Municipal securities dealers must now inform investors about material financial obligations and defaults or other similar events under changes to municipal securities disclosure rules, the U.S. Securities and Exchange Commission said in a statement on Monday.
SAN JUAN, Aug 17- A U.S. federal judge on Friday ruled against a group of bondholders that bought debt issued by Puerto Rico's largest public pension, the Employees Retirement System, denying their ability to hold claim on property used as collateral. With roughly $120 billion in debt and pension liabilities, Puerto Rico filed for bankruptcy protection under a...
NEW YORK, Aug 15- U.S. fund investors turned up demand for bonds and global equities during the most recent week, but pulled back from domestic stocks, Investment Company Institute data showed on Wednesday. "Fixed income on a relative basis has actually become fairly attractive," said Fritz Folts, chief investment strategist at 3 EDGE Asset Management in Boston.
CHICAGO, Aug 9- Puerto Rico bonds rallied on Thursday, a day after the latest debt restructuring deal struck between the bankrupt U.S. commonwealth and its bondholders as well as a federal court ruling that affirmed the budgetary powers of an oversight board. Stock prices rallied for bond insurers with exposure to Puerto Rico after the island's government...
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