Short-term debt can generate yield, without the long-term risk
- Analysts Eye Market Access Risk. Seymour, Dan // Bond Buyer;12/22/2010, Vol. 374 Issue 33437, p1
The article presents the analysis of municipal credit analysts on the loss of market access on short-term debt refinancing in the U.S. They believe that the vulnerability of municipalities to market freeze-out is similar to auction-rate securities (ARS) collapse. Natalie Cohen, managing director...
- Riverside, Calif. Officials say Audit Findings Mean Sewer Bond Sale Proceeds. Webster, Keeley // Bondbuyer.com;12/17/2014, p33
The article discusses the statement by California's Riverside City Finance Director Brent Mason, that findings of three minor issues in an audit of 2009 sewer bonds and sewer fund of the city, mean that the city can proceed with a bond sale. Topics discussed include audit finding premature...
- Cash Continues to Flood Short-Term Mutual Funds. Seymour, Dan // Bond Buyer;8/17/2009, Vol. 369 Issue 33167, p1
The article reports on the infusion of cash into short-term municipal bond mutual funds in the U.S. The trend was noticed despite numerous unappealing yields. Short and intermediate term municipal funds are the top recipients being that these debts are less affected by inflation, as compared to...
- Muni Market Awaits Supply; Eying Yields. Barnett, Chip // Bond Buyer;7/1/2015, Issue 34335, p1
The municipal bond market was waiting the bulk of the week's paltry supply to price on Tuesday as traders kept watch on muni yields, which fell sharply on Monday in the wake of Puerto Rico and Greece financial turmoil.
- Puerto Rico Governor Signs Cash and Spending Measures. Slavin, Robert // Bondbuyer.com;7/6/2015, p1
Puerto Rico Gov. Alejandro GarcÃa Padilla signed a bill that will allow the government the option of suspending general obligation bond set-asides early in the fiscal year.
- Michigan Readies $1.1 B of Notes in a Now-Familiar Move. DEVITT, CAITLIN // Bond Buyer;10/25/2010, Vol. 374 Issue 33404, p28
The article reports on the issuance of 1.1 billion dollars of short-term debt by the Michigan Government to cover cash-flow shortfalls in its two main funds, the general fund and the school aid fund.
- Washington isplanting the seeds of nation's ruin. PAYNE, HENRY // Hill;3/4/2013, Vol. 20 Issue 23, p17
The author discusses that Washington D.C. is establishing the grounds for insolvency in Greece in which, Greece's short-term debt costs 23 percent in interest, thus, in Detroit, Michigan, only few are willing to loan to the city.
- Shorter Debt Dominates as Sizeable N.Y., Ohio Deals Test Market. Albano, Christine // Bond Buyer;3/24/2003, Vol. 343 Issue 31599, p7
Reports that short term bonds are expected to dominate while two large offering deals are to be introduced in the U.S. market during the last week of the March, 2003. Reasons behind the interest of investors in shorter debts; Details of revenue offering deal from the New York State Dormitory...
- House votes 218-214 for short-term debt ceiling increase of $290 billion. Soraghan, Mike // Hill;12/17/2009, Vol. 16 Issue 149, p8
The article reports on the passage by the U.S. House of Representatives of a short-term increase of debt ceiling.