Municipal Bonds Debt securities issued by state and local governments, and special districts and counties.
Filed under: Ellen Brown Articles / Commentary Tagged:
Municipal bond debt, public banking, Puerto Rico, quantitative easing 16 Comments»
Fixed income (bond) funds invest in corporate, government and
municipal bond debt.
Not exact matches
an interest - bearing promise to pay a specified sum of money (the principal amount) on a specific date;
bonds are a form of
debt obligation; categories of
bonds are corporate,
municipal, treasury, agency / GSE
The trio of ETFs, when they launch, will round out Franklin's
bond ETF lineup, which already includes a variety of actively managed fixed - income funds covering short - duration U.S. government
debt,
municipal bonds and the investment - grade corporate
debt.
Second, the tax bill may do away with 2 specific types of
municipal bond issues: tax - exempt advance refundings, which are tax - exempt
bonds issued to refinance existing
municipal debt, and private activity
bonds, which are issued by non-government borrowers such as hospitals, airports, and private universities.
Pam Martens and Russ Martens, writing in Wall Street on Parade, note that the U.S.
municipal bond market holds $ 3.8 trillion in
debt, and it is not just owned by Wall Street banks.
Wiping out Puerto Rico's
debt, they warned, could undermine confidence in the
municipal bond market, causing
bond interest rates to rise, imposing an additional burden on already - struggling states and municipalities across the country.
Eliminating Puerto Rico's
debts could raise interest rates on
bonds to insulate against potential defaults, and subsequent
debt elimination, on
municipal bonds.
The minimal dividends from traditional CDs and high - quality Treasury
bonds leaves little to be desired when compared to corporate or
municipal debt yielding magnitudes of greater income.
Instead, I'm paying down
debt and building a
municipal bond portfolio to pay for my living now that interest rates have increased post election.
Among those it put on a negative credit watch in mid-July were some
bond issues by Fannie Mae and Freddie Mac, a few insurance companies, 604 structured finance transactions that totaled $ 373 billion when issued and some
municipal debt backed by the United States.
A
municipal bond is a
debt security issued by a state, municipality, or county to finance its capital expenditures.
Also called «munis» for short,
municipal bonds are
debt obligations issued by a state, municipality, or a county to finance its capital expenditures, such as construction of highways, schools, hospitals, and...
We prefer tax - exempt
municipal bonds, as well as U.S. high yield
debt.
In 2015, munis, as represented by the Barclays
Municipal Bond Index, were actually the top fixed - income asset class, beating both Treasuries and corporate
debt.
Puerto Rican
debt is «triple exempt» from taxes:
Bonds issued by the territory's government are exempt from state / territory - level,
municipal, and federal taxation.
He also shares why short - term
debt, U.S.
municipal bonds in particular, are gaining interest from foreign investors right now.
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Three others could also boost income: counting
municipal bonds as liquid, or easy - to - sell, assets; requiring less
debt that won't have to be paid back if a bank fails; and making it easier to comply with post-crisis rules.»
The most popular
bond ETFs available are still the one - stop - shop total - market blends, which package sovereign, corporate and
municipal debt together.
Puerto Rico announced a historic restructuring of its public
debt on May 3, touching off what may be the biggest bankruptcy ever in the $ 3.8 trillion U.S.
municipal bond market.
Municipal Bond Funds invest primarily in municipal bonds which are debt issued by state governments, local governments, and government agencies such as a port authority or wat
Municipal Bond Funds invest primarily in
municipal bonds which are debt issued by state governments, local governments, and government agencies such as a port authority or wat
municipal bonds which are
debt issued by state governments, local governments, and government agencies such as a port authority or water board.
Seth Carpenter, Selva Demiralp, Jane Ihrig and Elizabeth Klee find that some categories of investors appear to sell U.S. Treasuries to the Federal Reserve and rebalance toward riskier assets (corporate
bonds, commercial paper, and
municipal debt).
The comptroller is responsible for auditing the performance and finances of city agencies, making recommendations regarding proposed contracts, issuing reports on the state of the city economy, marketing and selling
municipal bonds, and managing city
debt.
But less than a month after the July contributions, a two - page memo went from Cuomo's Division of the Budget to the state's Dormitory Authority, which issues
debt on behalf of schools and hospitals that have less experience (and scale) in the
municipal bond market.
Utilizing a $ 10 million federal enhancement grant and a $ 100,000 contribution from the Texas Education Agency (TEA), TCEP provides credit enhancement for
municipal bonds that provide financing for the acquisition, construction, repair or renovation of Texas charter school facilities (including certain refinancing of facilities
debt that meet federal guidelines), by funding a
debt service reserve fund for such issuances.
The S&P
Municipal Bond Puerto Rico General Obligation Index includes
bonds from the Puerto Rico Electric Power Authority (PREPRA) that have received a 15 - day extension on their
debt.
Schroders Short Term
Municipal Bond investment strategy seeks to maximize after - tax yield and income by investing across the spectrum of investment grade munici
Municipal Bond investment strategy seeks to maximize after - tax yield and income by investing across the spectrum of investment grade
municipalmunicipal debt.
We prefer tax - exempt
municipal bonds, as well as U.S. high yield
debt.
As observed by the S&P
Municipal Bond Michigan General Obligation Index, the state's debt is trading on par with the rest of the U.S. municipal Read more
Municipal Bond Michigan General Obligation Index, the state's
debt is trading on par with the rest of the U.S.
municipal Read more
municipal Read more -LSB-...]
an interest - bearing promise to pay a specified sum of money (the principal amount) on a specific date;
bonds are a form of
debt obligation; categories of
bonds are corporate,
municipal, treasury, agency / GSE
As observed by the S&P
Municipal Bond Michigan General Obligation Index, the state's debt is trading on par with the rest of the U.S. municipal bond
Municipal Bond Michigan General Obligation Index, the state's debt is trading on par with the rest of the U.S. municipal bond unive
Bond Michigan General Obligation Index, the state's
debt is trading on par with the rest of the U.S.
municipal bond
municipal bond unive
bond universe.
Tobacco
debt as an asset class has been a rockstar so far into 2014, the S&P
Municipal Bond Tobacco Index has returned 10.31 % YTD.
When a state or local government raises capital through
debt they issue
municipal bonds to be sold to individual and institutional investors.
This meant that
municipal bonds, which typically yield less than Treasuries before tax, began to offer yields higher or comparable to federal government
debt on a pre-tax basis.
One nuance to the
municipal bond market is that corporations often issue
bonds to finance operations, whereas municipalities do not — they issue
debt to build something tangible.
Gross - revenue pledge: In a
municipal revenue
bond, a trust - indenture provision stipulating that the revenues first go to pay the
debt servicing costs.
Common types of
debt securities available to the average investor include U.S. Treasury securities, corporate
bonds and
municipal bonds.
Municipal bonds are
debt securities issued by cities or states.
Those include domestic and international sovereign and corporate
debt,
municipal bonds, mortgage - and asset - backed
debt securities, convertible
bonds and preferred stock.
SAN FRANCISCO (MarketWatch)-- Funds that invest in
municipal bonds have been hit hard by recent turmoil in
debt markets.
Under J.R.'s management, S&P Dow Jones Indices has launched a global suite of fixed income indices, which includes a focus on transparency for
municipal, corporate, and high - yield
bonds, senior loans, and sovereign
debt.
Bonds include categories such as corporate debt, municipal bonds, structured securities, U.S. government bonds and foreign government b
Bonds include categories such as corporate
debt,
municipal bonds, structured securities, U.S. government bonds and foreign government b
bonds, structured securities, U.S. government
bonds and foreign government b
bonds and foreign government
bondsbonds.
Lipper classifications for the Baird funds are as follows: Ultra Short
Bond Fund is Lipper Ultra Short Obligations Funds; Short - Term
Bond Fund is Lipper Short Investment Grade
Debt Funds; Intermediate Term
Bond Fund is Lipper Core
Bond Funds; Aggregate
Bond Fund is Lipper Core
Bond Funds; Core Plus
Bond Fund is Lipper Core Plus
Bond Funds; Short - Term
Municipal Bond Fund is Lipper Short
Municipal Debt Funds; Quality Intermediate
Municipal Bond Fund is Lipper Intermediate
Municipal Debt Funds; Core Intermediate
Municipal Bond Fund is Lipper Intermediate
Municipal Debt Funds.
Last week, the G.O.
debt had plumbed new depths helping to record a negative 5 % month - to - date return for the S&P
Municipal Bond Puerto Rico General Obligation Index.
the disclosure of certain enumerated events affecting a
municipal security; these events include the following, if material: (1) principal and interest payment delinquencies; (2) non-payment related defaults; (3) unscheduled draws on debt service reserves; (4) unscheduled draws on credit enhancements; (5) substitution of credit or liquidity providers; (6) adverse tax events affecting the tax - exempt status of the security; (7) modifications to rights of securities holders; (8) bond calls; (9) defeasances; (10) release, substitution, or sale of property securing repayment; (11) rating changes; (12) failure to provide annual financial information as required; the MSRB, Electronic Municipal Market Access (a.k.a. EMMA) provides free access to municipal disclosures, market data and
municipal security; these events include the following, if material: (1) principal and interest payment delinquencies; (2) non-payment related defaults; (3) unscheduled draws on
debt service reserves; (4) unscheduled draws on credit enhancements; (5) substitution of credit or liquidity providers; (6) adverse tax events affecting the tax - exempt status of the security; (7) modifications to rights of securities holders; (8)
bond calls; (9) defeasances; (10) release, substitution, or sale of property securing repayment; (11) rating changes; (12) failure to provide annual financial information as required; the MSRB, Electronic
Municipal Market Access (a.k.a. EMMA) provides free access to municipal disclosures, market data and
Municipal Market Access (a.k.a. EMMA) provides free access to
municipal disclosures, market data and
municipal disclosures, market data and education
Include
debt such as
municipal and corporate
bonds, but add to the mix convertible, floating rate, and high yield
bonds.
But with more than 1.5 million individual
bonds in the
municipal market alone, 167 times the number of stocks listed on the major exchanges, it wouldn't be possible for newspapers to list every
bond outstanding in the combined
debt markets.
For instance, Puerto Rico's fiscal distress was pretty well telegraphed and thus the broad
municipal bond market barely budged when they defaulted on their
debt or now as their
bonds fall further.