Safeco Liquidating Large Stock of Munis As It Reallocates Assets, Cuts Duration

Fine, Jacob
May 2002
Bond Buyer;5/8/2002, Vol. 340 Issue 31382, p27
Trade Publication
Reports the liquidation of municipal bonds by the Safeco Asset Management Co. in Chicago, Illinois. Assessment of the investment portfolio; Reduction on the amount of insurance; Decline on the mismatch between assets and liabilities.


Related Articles

  • Stash Some Cash. Gunn, Erik // Pumper;Sep2015, p66 

    The article offers advice about saving money and where it should be kept and mentions the undrawn-upon home-equity line of credit as a partial alternative to a cash reserve fund, the liquidation value of business' inventory, and short-term municipal bond funds.

  • California's East Bay MUD Passes on Liquidity Providers Altogether. Saskal, Rich // Bond Buyer;3/9/2009, Vol. 367 Issue 33076, p4 

    The article reports on the decision of the East Bay Municipal Utility District (EBMUD) in California to dispense with liquidity providers after it faced the expiration of a liquidity agreement. The expiring liquidity agreement is claimed to cost 30 basis points. EBMUD has priced a $331 million...

  • California GOs Trading Well Ahead of $1.9B Sale. Webster, Keeley // Bond Buyer;8/24/2015, Vol. 1 Issue 34365, p1 

    California general obligation bonds were trading like double-A credits ahead of the state's planned $1.9 billion GO sale, according to the Municipal Market Data scale.

  • Firm Fights Global Warning But Ends With Liquidation. JENSEN, RANDALL // Bond Buyer;10/16/2012, Vol. 382 Issue 33797, p1 

    The article informs that the Enertech Environmental Inc. that issued approx 160 million U.S. dollars of municipal bonds for sewer waste-to-energy business is closed and in the process of being liquidated.

  • Corporate-Style Muni Liquidity?  // Investment Dealers' Digest;3/27/2009, Vol. 75 Issue 13, p11 

    The article reports on the call of a group of municipal bond issuers in California for a liquidity structure to lower costs and reduce bank risks of the bonds. It notes that the group is meeting with large banks to discuss terms of corporate-style liquidity agreement, however, none of the banks...

  • Muni Market Groups Urge House Members to Co-Sponsor Muni HQLA Bill. Hume, Lynn // Bond Buyer;5/28/2015, Vol. 1 Issue 34316, p34 

    The article reports that 16 municipal market groups are calling U.S. House legislators to co-sponsor a bill that would treat all investment grade and actively traded municipal securities as high-quality liquid assets under a bank liquidity rule. Topics covered include how H.R. 2209 would treat...

  • House Committee Approves Bill to Treat Munis as HQLA. Casey, Jack // Bond Buyer;11/4/2015, Vol. 1 Issue 34405, p1 

    The House Financial Services Committee approved a bipartisan bill by voice vote on Tuesday that would treat investment grade and actively traded municipal securities as high quality liquid assets under a bank liquidity rule adopted by banking regulators in September of last year.

  • Sterling Park District, Ill., Downgraded to BBB-Minus by S&P.  // Bond Buyer;2/10/2015, Vol. 1, p1 

    Standard & Poor's Ratings Services said it lowered its rating on Sterling Park District, Ill.'s outstanding general obligation alternate revenue source bonds to BBB-minus from BBB.

  • East Brandywine, Pa., Upgraded to Aa3 by Moody's.  // Bond Buyer;5/6/2015, Vol. 1 Issue 34304, p1 

    Moody's Investors Service said it has upgraded East Brandywine, Pa.'s general obligation rating to Aa3 from A2.


Read the Article


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

Try another library?
Sign out of this library

Other Topics