As we close 2008, one of the biggest stories of the year, the auction rate security meltdown, comes full circle. Pimco, a company roundly criticized for not redeeming investor money locked in...
Democrats are discussing several proposals for removing the Alternative Minimum Tax (AMT) which can impact holders of private activity municipal bonds. The impact would make the bonds more tax...
John Moorlach said in 1994 that Orange Country was headed for bankruptcy and six months later they files. Now, he says that at least 10 municipalities are headed for trouble in 2009.
The price of bonds moves inversely with interest rates - as interest rates move up, the price of bonds goes down and as rates go down, the price increases. Thus, conventional wisdom would lead you...
There are no rules -- no certainty -- in investing, except don't believe anything anyone tells you. It used to be that bonds provided safety and diversification, but not today. Today, bond funds...
Many middle-of-the-road bond mutual funds that seemed to promise stable returns in a difficult market have recently taken gut-wrenching plunges. These funds, as well as managed accounts run under...
In an auction on Tuesday, the Treasury sold $30 billion of short-term securities at a 0% interest rate. Investors were willing to accept 0 return to stash their cash. What does that say?
More transparency is coming to the municipal bonds market which is good for all investors. The SEC just approved the electronic disclosure of municipal bonds issues on a website available free of...
States and local governments are asking for a piece of the $700 billion Troubled Asset Relief Program funds as revenue drops. This will have consequences for the Muni market.
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