Report: Belief in Rising Rates Causes Discount

Fine, Jacob
March 2003
Bond Buyer;3/5/2003, Vol. 343 Issue 31586, p7
Trade Publication
Focuses on a report by UBS Warburg LLC on the performance of closed-end municipal bond funds in the U.S., as of March 2003. Downgrade in the rating of funds by the firm; Observations made by director at UBS Jon Maier on interest rates.


Related Articles

  • briefs. CARMONA, JOSÉ L. // Caribbean Business;10/24/2013, Vol. 41 Issue 41, p15 

    The article reports on the pressure facing financial services provider UBS over a 2007 bond deal in Puerto Rico, and the capitalization of a municipal insurance unit of bond insurers MBIA Inc. and Assured Guaranty Ltd.

  • Curtains Close on UBS Muni Bond Division. Campbell, Dakin // Bond Buyer;6/6/2008, Vol. 364 Issue 32894, p1 

    The article reports on the plan of UBS AG to close its institutional municipal securities group after determining that a sale of the group was unlikely in the near term in the U.S. According to UBS spokesman Doug Morris, 280 people will be affected by the announcement. It is said that the...

  • Municipals End Softer in Light Activity Ahead of This Week's New-Issue Slate. Chesla, Nicholas, // Bond Buyer;1/6/2003, Vol. 343 Issue 31546, p2 

    Reports on the performance of municipal bonds in the U.S. bond market on January 3, 2002. Reasons for low performance of the bonds; Comments of Jim O'Sullivan, economist at financial company UBS Warburg LLC, on increase in construction spendings; Range of basis points within which municipal...

  • Down and Out of the Market. Resnick, Amy B. // Governing;Jun2008, Vol. 21 Issue 9, p70 

    The article reports on plans by the Switzerland-based bank UBS AG to get out of the municipal bond business. The company entered the market in 2000 when it bought PaineWebber. Its exit from the market was accompanied by its announcement of a first quarter earnings loss of money due to the credit...

  • Douglas John, 38. Drucker, Vanessa // On Wall Street;Dec2009, Vol. 19 Issue 12, p41 

    The article profiles financial advisor Douglas John of UBS in Dallas, Texas. John favors municipal bond funds due to their 10% discount to net asset value and 10% to 11% tax-adjusted yields. John also advocates both gold and silver, and expects gold to play a role as an inflation edge. His...

  • UBS to Close Down Its Municipal Bond Dept. CAMPBELL, DAKIN // Bond Buyer;5/7/2008, Vol. 364 Issue 32875, p1 

    The article reports about the Swiss bank UBS AG's plans of moving a part of its municipal securities group into the bank's wealth management division as a part of a secondary market business, after closing or selling off the remainder of its municipal bond shop. The secondary market unit will...

  • UBS to Exit Muni Biz. Campbell, Dakin; Shields, Yvette // Financial Planning;Jun2008, Vol. 38 Issue 6, p32 

    The article reports on the decision of Swiss bank UBS AG to exit or sell its institutional municipal securities group in an effort to concentrate on core client businesses after reporting first-quarter 2008 losses of $11 billion. According to the bank, UBS Wealth Management clients will continue...

  • UBS Launches Second-Ever Municipal CDO. Hanson, Matthew // Asset Securitization Report;7/2/2007, Vol. 7 Issue 26, p13 

    The article reports on the launching of the second tax-exempt deal, Republic Funding Trust I, created from municipal bonds led by UBS AG in the U.S. The said trust has a 180-day ramp-up period which reflects the different strategy that UBS and its partners have used to gather the underlying...

  • UBS Reorganizes Business Lines.  // Investment Dealers' Digest;1/26/2009, Vol. 75 Issue 4, p13 

    The article reports that UBS AG has launched retrenchment of senior management as part of its plan to move away from real estate, securitization and structured products. UBS has planned to eliminate from municipal bond business by abandoning propriety trading as well as its commodities...


Read the Article


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

Try another library?
Sign out of this library

Other Topics