Category: Municipal Bonds

The Painful Truth: Some Municipal Bondholders Will Take A Hit

The Painful Truth is that as debt increases, so do the risks it will be politically, economically and financially worthwhile for borrowers to walk away from paying back their loans…

Municipal Bond Bankruptcy. Why Its Different This Time.

Is there an Evolving View of Bankruptcy in the Municipal Market?

More Bond Defaults Starting To Hit As Taxpayers Pay The Tab

The painful truth is that as debt increases, so do the risks it will be politically, economically and financially worthwhile for borrowers to walk away from paying back their loans…

Is Illinois Built On A House of Lincoln Logs?

The State of Illinois is now at the bottom of the pack of fifty states. With a general-obligation rating lowered to A2, it is now the lowest-rated by Moody’s of…

Is Puerto Rico’s Big Budget Deficit A Problem?

Recently there has been much talk about the high level of Puerto Rico bond debt and the associated financial deficit for 2012. In the past, there has generally been demand…

Dump Puerto Rico Municipal Bonds? Nah

Rumors about Puerto Rico’s financial problems surface as often as the seasons change. We have been hearing the sky is falling about Puerto Rico for years now. Some say if…

Municipal Bonds Blast Off in 2012.

The municipal bond market had a terrific January, on both a nominal as well as a relative basis, as the market continued its trek out of the wilderness that dominated…

Municipal Bankruptcies: Were Not Going To Take It Anymore

Assured Guaranty Ltd., the only active municipal bond insurer, said it will reconsider guaranteeing public bonds in states without procedures for reviewing and approving local bankruptcy petitions. “Local governments must…

The US Downgrade and the Muni Bonds

We have fielded many questions in the last few days about what effect the downgrade of the United States debt from AAA to AA+ and the effect on the 11,000…

Muniland and Pensions, (2/15/11)

“In December, projections by Meredith Whitney, the banking analyst, about possible municipal defaults began to rattle the $2.86 trillion municipal-debt market. Investors withdrew $1.2 billion from U.S. municipal-bond mutual funds,…