Sentences with phrase «state bond defaults»

Not exact matches

Although no state has defaulted on general obligation bonds in over 80 years, the 19 th century witnessed numerous instances in which states - and the Florida territory - defaulted on their debts or even repudiated them outright.

The Venezuelan government and its state - run oil company, PDVSA, both defaulted on certain bonds in November, according to ratings agencies.

The idea of debt amnesties was to prevent debt from tearing society apart — to prevent the kind of crisis that the United States has been in since 2008, when President Obama didn't cancel the junk - bond debts, or the debts that tore the Greek economy apart — when the IMF and Europe imposed them on Greece instead of letting it default on debts owed to French and German bondholders.

The announcement comes as Venezuela faces acute financing problems after creditors and ratings agencies declared the government and state - run oil firm PDVSA to be in partial default for missing interest and principle payments on bonds.

Anyone can buy those bonds, and they're considered to be safe investments because the United States has not yet defaulted on paying back those bonds.

«There is no possibility no matter what happens that state taxpayers would be responsible... the investors who buy the bonds would pay for» any default.

Then the state legislature refused to appropriate more than $ 100 million to repay UDC bond anticipation notes, forcing UDC into default.

They find that the higher the percentage of public employee who are unionized, the greater risk investors see of the state defaulting on its bonds, resulting in higher interest rates

If you buy treasury bonds issued by sovereign states in their own currency then the default risk is extremely low.

Bonds make money off the stated interest (coupon) rate less default losses.

Features Notes on the Current State of the Muni Bond Market Muni bond yields are reasonably attractive relative to Treasury yields, and fears about a rise in defaults remain totally misplaBond Market Muni bond yields are reasonably attractive relative to Treasury yields, and fears about a rise in defaults remain totally misplabond yields are reasonably attractive relative to Treasury yields, and fears about a rise in defaults remain totally misplaced.

If a bond is insured that means that there is an insurance company standing behind the offering that is guaranteeing to repay investors their principal and interest in a timely manner should the company, state or municipality issuing the bond, default.

The risks: Despite some high - profile municipal bond defaults, such as the 1994 default by California's Orange County, the vast majority of state and local bond issuers repay their debts as promised.

But in the United States with bonds, that won't happen because you know in theory the market doesn't go down so that you default on debt, and that's what happens.»

There are states like Maryland that have never had a default and many whose bonds are so secure that the little guy never gets a chance to buy them.

All of these types of bonds are backed by the full faith and credit of the United States government, meaning their risk of default is essentially zero.

In addition, he represents financial institutions and other plaintiffs and defendants in related complex commercial litigation and bond defaults in federal and state court, and bankruptcy appeals.

Mr. Doty, President and Proprietor of AGFS, participated for more than 45 years in billions of dollars of successful transactions in municipal bonds, municipal securities offerings, workouts of defaulted and other troubled municipal bond issues conducted by others, and corporate finance transactions benefiting local governments and private corporations in approximately two dozen states across the nation.

I have worked in billions of dollars of successful transactions in municipal bond offerings, workouts of defaulted and other troubled municipal bond issues conducted by others, and corporate finance transactions benefiting local governments and private corporations in approximately two dozen states.