Municipal Bond Market: Fact vs Fear

Blau, Joel M.; Paprocki, Ronald J.
July 2011
AUANews;Jul2011, Vol. 16 Issue 7, p23
Academic Journal
The article discusses facts about the municipal bond market in the U.S. The municipal bond market, a diverse and large market, has low historical default rates. Municipal bonds are also known for their strong record of repayment. Municipal bonds are also assessed based on actual financials, not based on projections or models.


Related Articles

  • Detroit to Default on GO Payment. DEVITT, CAITLIN // Bond Buyer;9/25/2013, Vol. 385 Issue 33985, p1 

    The article reports that Detroit, Michigan has decided that it will default its general obligation (GO) bond payments from October 1, 2013.

  • Reno Officials Will Weigh Options for Avoiding Casino Debt Default. Jensen, Randall // Bond Buyer;9/1/2010, Vol. 373 Issue 33376, p4 

    The article reports that the city officials are weighing options on how to avoid defaulting on bonds backed by a lease with a defunct casino in Reno, Nevada.

  • The Default Rate Debate. Ackerman, Andrew // Bond Buyer;9/4/2007, Vol. 361 Issue 32705, p1 

    The article reports on the market data which reveals that the default rate in the municipal market may be about eight times higher than the rate cited by market groups when conduit deals are taken into account. According to some market participants, while the rate still appears to be less than...

  • Altering Tactics in Muni Scare. Lepro, Sara // Bond Buyer;2/23/2011, Vol. 375 Issue 33471, p1 

    The article reports on the speculations among experts in the U.S. bond market and banks about an emergence of a widespread default municipal bond holdings. According to Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott LLC, most banks consider buy and forget, an attitude that...

  • A ray of good news in high-yield mart: defaults may ease. O'Leary, Christopher // Investment Dealers' Digest;02/14/2000, Vol. 66 Issue 7, p8 

    Forecasts a remission in the plague of bond defaults that assailed the high-yield corporate bond market in the United States. Predicted decline in annual default rate in 2000; Impact of soaring number of defaults in the 1999 junk market; Collapse of junk issuer Iridium LLC in August 1999;...

  • Defaults creep up as new century dawns. Braunschweig, Carolina // High Yield Report;01/03/2000, Vol. 10 Issue 1, p1 

    Reports the factors contributing to default rates in the high-yield market from 1990. Loss of major liquidity provider Drexel Burnham Lambert; Role of the Resolution Trust Corporation in the temporary shutdown of the market; Crisis in the utilities and energy companies; Transaction of investors...

  • Mixed messages. Snowden, Stephen // Money Marketing;7/8/2010, p39 

    In this article, the author discusses the condition of corporate bond market and the other markets which were preoccupied with sovereign default risk in Great Britain.

  • Defaults and Returns on High-Yield Bonds: Lessons from 1999 and Outlook for 2000-2002. Altman, Edward I.; Hukkawala, Naeem; Kishore, Vellore // Business Economics;Apr2000, Vol. 35 Issue 2, p27 

    Business economists must weigh the benefits from increased leverage with the costs (bankruptcy and agency costs) of heightened financial risk and financial fragility. This study serves as a reminder, both to fixed income and equity investors, that even in a robust economy there is still no...

  • Results of Negotiated Sales.  // Bond Buyer;07/06/2000, Vol. 333 Issue 30926, p18 

    Presents the results of negotiated sales of municipal bonds in the United States, compiled as of July 3, 2000. Single family mortgage revenue bonds from the Alabama Housing Finance Authority in Alabama; Refunding revenue bonds from First Florida Governmental Financing Commission in Florida;...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics