Category Archives: Links

Due to the holiday weekend last week, we’re going to reach a little further back to cover more news in the market. The State of Illinois announced that their revenue was up by $3.4 billion compared to the past year, … Continue reading →

State revenues are on the upswing, mostly due to income taxes. A short interview with Natalie Cohen of Wells Fargo: she thinks the withdrawals from muni funds are at least partially due to reversal of the flight to safety in … Continue reading →

Another light news-week in Muniland: The Federal Government hit its debt limit on Monday. The Feds are taking out a loan against federal employee pension funds. After 27(!) consecutive days of gains, yesterday muni yields retreated. Prices are still around … Continue reading →

Better fundamentals and a lack of supply (particularly in California) has driven the huge rally in munis over the last three weeks. New muni outflows slowed to a trickle, at less than $100 million in the past week. Still, makes … Continue reading →

The Bond Buyer is starting a series on Banks and Muni Bonds. A vote is scheduled for today on the collective bargaining bill in Wisconsin. Debt in the US is the highest since just after WWII, according the the Washington … Continue reading →

The Journal has a long piece on municipal bond stress. The Journal singles out Illinois and California as states that use the bond market to fund deficits. The Journal also live blogged the congressional hearing on the state debt crisis. … Continue reading →

Some news and notes from around the muni market this week: The SEC is probing pension and other disclosures in Illinois, Rhode Island, and Harrisburg. The KC Star has a short article on the impact of online transactions on State … Continue reading →

Chris Christie had quite the quotation today in Bloomberg, USA Today, and other publications: “I have bigger issues than who sues me,” said Christie, 48, a Republican and former federal prosecutor who wants to end cost-of-living increases for retirees. “Get … Continue reading →

January was the slowest month for new bond issuance in 11 years, according to Thomson Reuters. Despite this, total return on munis was -1.13% for the month. Of course, a main driver of low issuance and low demand was the … Continue reading →

An Illinois Court voided a 2009 law that set aside revenue for funding projects. Vallejo, CA came to a tentative deal with its bondholder, Union Bank, to pay 60 cents on the dollar for the $45 million it owes. NPFG … Continue reading →