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.
Investors who think municipal bond funds are a safe bet in troubled times may be in for a shock this year, with some muni funds seeing losses of more than 30%.
The Port Authority of New York and NJ, one of the largest offerors of municipal bonds, tried to offer $350 million in bonds this morning, which would have been the largest single offering in nine...
Article | Submitted Dec 3, 2008 | Views: 51 | Comments: 0
Tags: municipal bonds
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.
A good article about the attractiveness of high quality bonds, including municipal bonds, in this environment. Investors are being offered an attractive premium for taking on very little...
Many analysts and investor watch dog groups are saying that municipal bond issuers are not providing enough information to their investors. Issuers are only required to file an annual report but...
Article | Updated Oct 10, 2008 | Views: 104 | Comments: 0 Tags: municipal bonds, munis
The credit crisis has taken its toll on many sectors. The municipal bond market has remained largely unscathed to date. But municipal investors need to open their eyes. These bonds are about to...
For all you municipal bond investors, cities and towns are having a hard time paying their bills. Most munis are probably safe but make sure you pay attention to what you are buying. Even "rich"...
It is a given that we are in a serious recession. It is a given too that a number of municipalities will fail as the recession deepens and tax revenues decline. Those with capital...
The top court is considering Kentucky v. Davis, a lawsuit that could end tax breaks on in-state municipal bonds now given to residents by many states. Or, states that exempt their own bonds from...
If your town or city needs to borrow money their cost has gone up quite a bit over the last couple of months. Tax-exempt bonds are now selling at a premium over treasuries, yielding more for...
Yields on municipal bonds have risen over the last couple of weeks and Accrued Interest says it's because of an oversupply of bond issuance. Either way, if you are interested in munis there might...
Article | Submitted Mar 4, 2008 | Views: 384 | Comments: 0
Tags: municipal bonds, munis
Continuing fallout from the credit and bond crisis as cities and states say they no longer agree with the ratings given them by the rating agencies. In general, municipal bonds are rated below...
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