Search results
Results from the WOW.Com Content Network
First, muni bonds are often investment-grade assets. Around seven out of 10 in the Bloomberg Municipal Bond Index are in the top two rungs of credit quality, Schwab cited.
Does the prospect of earning 0.1% on a bank savings account leave you ... unenthused? Do the 0.2% interest rates that the U.S. government is paying on two-year Treasuries stick in your craw? Maybe ...
In a new post at the New York Federal Reserve's blog site, three bank officials took a look at the $3.7 trillion US municipal bond market. After noting that about 75% of US municipal bonds are ...
The agreement also called for Citigroup to use its "best efforts" to make liquid all of the US$12b auction-rate securities it sold to institutional investors, including retirement plans, by the end of 2009. The settlement allowed Citigroup to avoid admitting or denying claims that it had sold auction rate securities as safe, liquid investments ...
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
Flight-to-quality episodes are triggered by unusual and unexpected events. [1] These events are rare but the list is longer than a few. The Penn Central Railroad’s default in 1970, a sudden stock market crash referred to as Black Monday, the Russian debt default and collapse of Long Term Capital Management in 1998, the 9/11 attack in 2001, and the subprime mortgage crisis in 2008, were all ...
Late last year, outspoken banking analyst Meredith Whitney rattled the staid world of municipal bonds with a bold prediction on 60 Minutes that hundreds of billions of dollars in munis would soon ...
Muni bonds are a more attractive option for investors in high-tax states and cities, so investors in those areas should be sure to calculate the tax-equivalent yield on potential muni investments.