×

Bonds Municipal Bonds

  • Puerto Rico: 'Bad company with a bad balance sheet'

    Highland Capital Management co-founder Mark Okada talks about Puerto Rico's debt and why it may be best to wait it out before investing.

  • People stand in line to withdraw cash from an automatic teller machine (ATM) after Hurricane Maria heavily damaged the government-run electricity system in the Miramar neighborhood of San Juan, Puerto Rico, on Tuesday, Sept. 26, 2017.

    Puerto Rico's economic crisis has been long in the making.

  • NEW YORK, Oct 4- Puerto Rico's benchmark general obligation bonds fell on Wednesday, hitting a record low, after U.S. The bond due in July 2035, the island's most recent benchmark debt issue, dropped by 6.5 cents to 37.5 cents on the dollar in late trade on Wednesday. The president was referring to Puerto Rico's need to fix its own debt issues through its oversight...

  • President Donald Trump tosses rolls of paper towels to people at a hurricane relief distribution center at Calvary Chapel in San Juan, Puerto Rico, October 3, 2017.

    It's unlikely the "King of Debt" can erase Puerto Rico's debt, but Trump's interest in the island may make life harder for bondholders.

  • President Donald Trump and first lady Melania Trump walk through a neighborhood damaged by Hurricane Maria in Guaynabo, Puerto Rico, U.S., October 3, 2017.

    President Trump says Wall Street might get wiped out on Puerto Rico bonds. Individual investors may have the most to lose.

  • NEW YORK, Oct 4- Puerto Rico's benchmark general obligation bonds fell on Wednesday, hitting a record low, after U.S. Trump was referring to Puerto Rico's need to fix its own debt issues through its oversight board, Mulvaney said in an interview on CNN. He later added in an interview on Fox Business Network: "So, I don't think you saw any indication there of a federal...

  • NEW YORK, Oct 4- The price of Puerto Rico's benchmark general obligation bonds tumbled to a record low on Wednesday after U.S. The bond due in July 2035, the island's most recent benchmark debt issue, dropped by 12 cents to 32 cents on the dollar early on Wednesday. Trump was referring to Puerto Rico's need to fix its own debt issues through its oversight board,...

  • Oct 4- The price of Puerto Rico's benchmark general obligation bonds tumbled to a record low on Wednesday after U.S. The bond due in July 2035, the island's most recent benchmark debt issue, dropped by 12 cents to 32 cents on the dollar early on Wednesday. In an interview with Fox News late on Tuesday after he toured Puerto Rico, Trump said: "They owe a lot of money to your...

  • President Donald Trump and first lady Melania Trump walk through a neighborhood damaged by Hurricane Maria in Guaynabo, Puerto Rico, U.S., October 3, 2017.

    Puerto Rican bonds take a huge hit following President Trump's comments on the island's massive debt.

  • President Donald Trump waves to local residents affected by Hurricane Maria as he helps hand out supplies at a disaster relief distribution center at Calgary Chapel in San Juan, Puerto Rico, October 3, 2017.

    President Trump raised a prospect of making Puerto Rico's debt go away. It's far from clear whether he can to do that.

  • *Markets not convinced Congress can agree to any tax plan. TOKYO, Sept 28- The dollar and U.S. bond yields rose on Thursday after President Donald Trump proposed the biggest U.S. tax overhaul in three decades and as strong U.S. economic data supported the case for a Federal Reserve rate hike later this year. "The fact that Trump made the tax proposal was seen as a step...

  • *Markets not convinced if Congress can agree to any tax plan. TOKYO, Sept 28- The dollar and U.S. bond yields rose on Thursday after President Donald Trump proposed the biggest U.S. tax overhaul in three decades and as strong U.S. economic data added to the case for a rate hike by the Federal Reserve later this year. "The fact that Trump made the tax proposal was seen as a...

  • *Markets not convinced if Congress can agree to any tax plan. TOKYO, Sept 28- Asian shares were firm on Thursday while U.S. bond yields and the dollar held sizable gains made the previous day after President Donald Trump proposed the biggest U.S. tax overhaul in three decades. Japan's Nikkei rose 0.5 percent while MSCI's broadest index of Asia-Pacific shares...

  • NEW YORK, Sept 25- The mayor of Hartford on Monday told bond investors that Connecticut's cash-strapped capital city has no room left to tax or cut its way out of its fiscal crisis, a bond holder said. Bronin laid out the city's dire circumstances and its potential case for insolvency in a call with investors, said Matthew Dalton, CEO of Belle Haven, which holds $30...

  • NEW YORK, Sept 25- The mayor of Hartford on Monday told bond investors that, Connecticut's cash-strapped capital city has no room left to tax or cut its way out of its fiscal crisis, a bond holder said. Bronin laid out the city's dire circumstances and its potential case for insolvency in a call with investors, said Matthew Dalton, CEO of Belle Haven, which holds $30...

  • Sept 25- Securities insurer Assured Guaranty Ltd said on Monday it would grant Hartford, the capital of Connecticut, a municipal bond that offers financial support, a move that could help the city avoid filing for bankruptcy. Hartford would likely seek to file for bankruptcy if the state does not have a budget in place in 60 days, Mayor Luke Bronin had warned...

  • Sept 25- Securities insurer Assured Guaranty Ltd said on Monday it is willing to issue Hartford, the capital of Connecticut, a general obligation bond that could help the city avoid filing for bankruptcy. Hartford would likely seek to file for bankruptcy if the state does not have a budget in place in 60 days, Mayor Luke Bronin had warned earlier this month.

  • 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...

  • 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...