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...
The tremors of the housing market and credit credit crisis hit another type of investment this week, the auction rate security market. The Wall Street Journal and several other business magazines...
There has been a lot of discussion recently on the different yield between AAA municipal bonds and lower rated munis. A paper by the Fed seems to indicate that if you plan on holding on to your...
There is a class of auction rate securities - SLARS - that are causing many of the problems in the ARS market. Their auctions have failed and they have low reset rates. The investment banks are...
Municipal bonds are now offering extremely attractive short term interest, beating out comparable Treasuries. They are a great source of tax free income. This is new and may not last very long.
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...
Marketwatch recently posted an article about the attractiveness of Municipal Bonds, pointing out that some long-term munis pay a tax equivalent rate of over 7%. But investors should consider...
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.
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?
It used to be that one sure way to put away chunks of money safely and enjoy double or triple tax free income was to invest in municipal bonds. Sure, you paid a slight premium to buy triple A...
Anyone who buys Municipal bonds knows the tax advantages of buying municipals issued by or in the buyer's state of residence. By so doing, bond interest is not only free of federal taxes, but of...
BestCashCow provides information on the best CD (certificates of deposit) rates, the best money market rates, the best savings rates, and more - as well as financial information that can help you make better decisions with your money.