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Tag Archives: bonds

Muni market confusion

Bond insurance down to 5% of new issues from 50%… BABs have reduced supply… Are credit ratings to be trusted? Municipal revenues has declined… “We don’t expect the muni market to collapse…”

Hey buddy! Wanna buy a state capital building…cheap??

Repost from Finance Tangent … ~~~ The looming budget crisis affecting states like Arizona, California, Illinois and others, is prompting leaders to look at any option to raise money. Case in point is California that recently put up 17 commercial buildings for sale, including two San Francisco buildings that house the state supreme court and the […]

Derisking the banking system

Senate hearing on prop trading – Feb 2, 2010 Source: PROHIBITING CERTAIN HIGH-RISK INVESTMENT ACTIVITIES BY BANKS AND BANK HOLDING COMPANIES Senate Banking Committee Hearing: Tuesday, February 2, 2010 , 02:30 PM 538 Dirksen Senate Office Building The witness will be: The Honorable Paul Volcker, Chairman of the President’s Economic Recovery Advisory Board. Honorable Neal […]

Decade of debt…

From the FT … US GDP (purchasing power parity): $14.29 trillion (2008 est.) $14.11 trillion (2007) $13.83 trillion (2006) Well… inflation now?

Secondary markets for retail…

Explore Bonds wrote an excellent post titled: Where to Buy TIPS On the Secondary Market… this is very useful and practical advice about the mechanics of retail bond purchases… kudos to the blog author for aggregating the information. There is also much to reflect on in this post as it relates to market structure for fixed income securities […]

…allows individuals to trade alongside pros at the same prices…

From the WSJ… ~~~ Bond pricing has long been a problem for individual investors who typically trade small numbers of bonds. They generally pay higher prices than institutional investors trading hundreds or thousands of the same bonds. That is changing, though, as firms like Fidelity Investments and ZionsDirect use technology originally built for institutions and which […]

‘This is an investment and not a savings vehicle’ — UK style

King of Shaves offers 6% corporate bond Philip Scott, This is Money 23 June 2009 ~~~The King of Shaves Company is offering savers the opportunity to help join in the firm’s growth with the issuance of ‘shaving bonds’. Should you invest? Will King, founder and CEO of The King of Shaves Company, is offering savers […]

Babs and other tax credit bonds

MSRB NOTICE 2009-15 (APRIL 24, 2009) The American Recovery and Reinvestment Act of 2009 added a provision to the Internal Revenue Code that authorizes state and local governments to issue two types of “Build America Bonds” as taxable governmental bonds with Federal subsidies for a portion of their borrowing costs. The first type of Build […]

TRACE the numbers

The TRACE Update is a quarterly email that covers TRACE-related developments. In this issue: New: Quarterly TRACE Fact Book Tables Proposed TRACE Expansion — Agency Debt and Primary Transactions Fixed Income Webinar on July 15 For additional information, contact us by phone at (888) 507-3665 or by email at TRACEDataServices@finra.org. New: Quarterly TRACE Fact Book […]

Build America bonds…

 From Mayer Brown…   Treasury Department Issues Guidance on Build America Bonds Client Alert – Government Relations, Global Trade, Infrastructure, United States 13 April 2009 On April 3, 2009, the Treasury Department released Notice 2009-26, which provides guidance on the “Build America Bond” provisions of the American Recovery and Reinvestment Act of 2009.  Build America Bonds are a new […]