Municipal Markets >>>

    Detroit Schools Pays 4.375% to Borrow for a Year

    Investors’ insistence on a yield 14 times higher than the AAA benchmark on $92 million of Detroit school notes is the latest example of bond market contempt for Michigan after the city’s bankruptcy. Click here to continue reading.


    Report Questions Detroit GOs’ Unsecured Status

    Detroit’s $369 million of voter-approved general-obligation bonds provide a “strong case’’ to be treated as secured debt in the city’s record bankruptcy, returning 100 percent to investors, according to Barclays Plc. To read more, click here.


    Report Questions Detroit GOs’ Unsecured Status

      Detroit’s $369 million of voter-approved general-obligation bonds provide a “strong case’’ to be treated as secured debt in the city’s record bankruptcy, returning 100 percent to investors, according to Barclays Plc.   “Read more..”


    Buyers Now Find Value in Longest Maturities

     The longest-term bonds offer a buying opportunity, analysts at JPMorgan Chase & Co. and Citigroup Inc. say, as yields reach a two-year high following Detroit’s bankruptcy and concern over the Federal Reserve curbing bond purchases. To read more, click here.


    BABs Issuers Lose 8.7% Due to Sequestration

    Build America Bonds, the federally subsidized municipal bonds orphaned in 2010 after Congress failed to extend their life, are beating Treasuries and corporate debt even as the taxable securities are poised to record their first losing year. To read more, click here.


    Magic Kingdom Taps Market for Road Repair

    Investors seeking refuge from Detroit’s record bankruptcy may find it in Florida’s Reedy Creek Improvement District, which helps keep Walt Disney Co.’s Magic Kingdom running and is planning its biggest borrowing since at least 1990. To read more, click here.


    California Sells Notes As Economy Improves

    California’s sale this week of $5.5 billion of notes is putting it on pace for the least short-term borrowing in five years as the outlook for the world’s ninth-largest economy brightens. To read more, click here.


    Bloomberg Municipal Market Q2 StatBook – Free Download


    New Jersey Borrowing Costs Fall Under Christie

    Governor Chris Christie’s post-Hurricane Sandy leadership has won over New Jersey voters as he heads toward re-election. Now he’s gaining fans in the municipal-bond market. To read more, click here.


    Wayne County Now Carries Detroit Penalty

    Wayne County, home of Detroit, has seen the extra yield investors demand to own its debt soar to a record, showing the price Michigan localities are paying after the Motor City filed for bankruptcy. To read more, click here.


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