In the U.S., deteriorating urban finances — from Detroit to Stockton, Calif. — threaten
municipal bond holders, public - sector workers, and taxpayers.
Not exact matches
Many troubled municipalities are grappling with how to bring down pension costs while
municipal -
bond holders are trying to figure out how to protect their interests before or during a
municipal insolvency.
Thus, if a
holder purchased a $ 5,000 face amount
municipal bond for $ 5,000 and then sold the
bond for $ 5,200, the
holder would have a capital gain of $ 200.
Even though the interest paid on a
municipal bond is tax - exempt, a
holder can recognize gain or loss that is subject to federal income tax on the sale of such a
bond, just as in the case of a taxable
bond.
Typically, the purchase and sale price of a
municipal bond includes the dealer's markup; however in cases where a commission is charged, it should be taken into account by the
holder in computing gain or loss.
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
For example, most of the government and
municipal bonds out there provides tax benefits to the
bond holders.
Municipal bonds can be significantly affected by political or economic changes as well as uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer in
Municipal bonds can be significantly affected by political or economic changes as well as uncertainties in the
municipal market related to taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer in
municipal market related to taxation, legislative changes or the rights of
municipal security holders, including in connection with an issuer in
municipal security
holders, including in connection with an issuer insolvency.
That is sold to junior note
holders, who in essence have leveraged exposure to the original
municipal bond.