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Friday, Jul. 25, 2014 More Information A former Bank of America trading desk manager will not serve prison time for his role in a scheme to falsify municipal bond records, a federal judge ruled Friday. Brian Scott Zwerner, who once managed the
It looked like there was no stopping the runaway returns for high-yield U.S. municipal bonds earlier this year. But that has all come to a screeching halt in the past few weeks thanks to a bombshell coming out of the Caribbean. The island of Puerto
The proceeds will be used to support public projects such as rebuilding of shanty housing and construction of new roads, the Shandong government said in its bond prospectus published late on Friday on the website for China major bond issues (www.
If the Fed was serious about strengthening the basic economy, it would bail out American cities...JAY: So we've talked about before about what the Fed could do in terms of trying to force banks to invest more in the economy. They've been shoveling
with more risk Now, up above, you may have noticed that longer-term Treasury bonds give us a little more yield -- but not that much more...And for that slight inflation beat, we're taking on more risk than most people realize.
Detroit accounted for three of the seven defaults last year on municipal bonds rated by Moody's Investors Service, the credit rating agency said on Wednesday. Even before the cash-strapped city filed the largest municipal bankruptcy in US history in
State tax returns tend to play second fiddle to the federal return on April 15, but the income taxes that state governments take in throughout the year are important parts of their financial health, and in turn the credit quality of the debt they
April 3 The Associated Press It's after the crowd thins that the party gets interesting...The types of funds that did best were often those that investors rushed to exit in 2013. Mutual funds that invest in the stocks of mining companies were the
Money is flowing once again into muni-bond mutual funds, a turnaround from last year's exodus. So far, investors have been rewarded for renewing their interest, but managers caution that several challenges remain. It's just the latest turning point
While tax-exempt, high-yield municipal bonds were all the rage after 2008's economic collapse, they have since lost some of their appeal for investors. Some bond indexes reported their worst performances since 1994. The recent downturn in the bond