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…”
Wednesday, February 24, 2010
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 [...]
Tuesday, February 2, 2010
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 S. Wolin, Deputy Secretary, U.S. [...]
Filed in Liquidity, Open engines, Pricing, Regulatory, Restructuring, Trading, Transparency
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Also tagged accounting, CDS, prop trading, risk, Volcker, Wall Street
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From the FT …
US GDP (purchasing power parity):
$14.29 trillion (2008 est.)
$14.11 trillion (2007)
$13.83 trillion (2006)
Well… inflation now?
Saturday, October 31, 2009
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 [...]
Saturday, October 24, 2009
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 [...]
Filed in Liquidity, Open engines, Pricing, Regulatory, Restructuring, Trading, Transparency
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Also tagged BondDesk, Fidelity, Pricing, retail, Wall Street, Zions
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Saturday, August 22, 2009
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 the opportunity to help [...]
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 America Bond [...]
Wednesday, April 22, 2009
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 Tables
We are pleased to introduce [...]
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 financing tool through which state [...]