Bonds
Municipal Bonds
NEW YORK, Aug 16- Investors flooded U.S.-based taxable-bond funds with $7.9 billion during the latest week, Investment Company Institute data showed on Wednesday, a 36th straight week of inflows that shows investors further stepping back from domestic stocks. Matt Schreiber, president at WBI Investments Inc, said wage growth has been soft, state-level...
NEW YORK, Aug 6- U.S. states, cities, school districts and other borrowers in the $3.8 trillion municipal bond market are selling less debt this year, with issuance dropping 13.1 percent to $210.7 billion through July 31 versus the same period last year. Issuers were "put off by the overall rise in rates" after November's U.S. presidential election, Cumberland...
NEW YORK, Aug 6- U.S. states, cities, school districts and other borrowers in the $3.8 trillion municipal bond market are selling less debt this year, with issuance dropping 13.1 percent to $210.7 billion through July 31 versus the same period last year. Issuers were "put off by the overall rise in rates" after November's U.S. presidential election, Cumberland...
Bond prices held steady but volumes increased when the Santee Cooper board of directors voted on Monday to halt construction on its two unfinished nuclear reactors in remote Fairfield County. The stable bond prices are likely the result of investor confidence in the utility's ability to recover costs lost on the project, known as V.C. Summer, said Joseph Krist,...
CROIX, V.I., Aug 2- For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. For years the U.S. Virgin Islands funded essential public services with help from Wall Street. Trouble in neighboring Puerto Rico, which recently filed for a form of bankruptcy after a string of debt defaults, has investors worried that the U.S....
CROIX, V.I., Aug 2- For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. For years the U.S. Virgin Islands funded essential public services with help from Wall Street. Trouble in neighboring Puerto Rico, which recently filed for a form of bankruptcy after a string of debt defaults, has investors worried that the U.S....
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...
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.
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...
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.
