Latest Municipal bond Stories

2011-09-15 12:32:16

Study shows inflation of credit scores in various asset classes At least one of the "Big Three" credit ratings agencies exaggerated credit scores of private debt compared to public bonds during the last 30 years, according to a new study by researchers from Rice University, American University and Indiana University. The recent downgrade of U.S. debt by Standard & Poor's makes the study timely, and the research adds to the current debate surrounding regulatory reliance on credit...

2011-07-13 14:44:00

Bond Issuances Yield Excellent Results SAN ANTONIO, July 13, 2011 /PRNewswire-USNewswire/ -- The City of San Antonio's 'AAA' general obligation bond rating has been affirmed by the three major bond rating agencies, Standard & Poor's, Fitch, and Moody's. The 'AAA' bond rating is the highest credit rating that an entity can receive. San Antonio is the only city with a population of more than 1 million to receive a 'AAA' general obligation rating from all three major rating agencies....

2011-06-15 09:48:00

SAN FRANCISCO, June 15, 2011 /PRNewswire/ -- Investor advocate and public finance watchdog Kevin Olson has opened a new front in his campaign to level the playing field for municipal bond investors with the launch of a new Web site, www.DoNotBuyCaliforniaBonds.com. The site is devoted to warning potential buyers about the dangers involved with investing in California-issued bonds. "Investors are expected to buy California bonds and hold them to maturity," Olson said, "But if they want -...

2011-05-09 11:30:00

SAN FRANCISCO, May 9, 2011 /PRNewswire/ -- A MuniMarket.com study of the worst municipal bond spreads for the second half of 2010 (www.MuniMarket.com/WorstSpreads2ndH2010.aspx) clearly proves that the muni markets are a dangerous place to invest, according to the site's founder, Kevin Olson. "Spreads are terrible - 10, 20-point spreads are common - and this is just looking at same-day cross trades," Olson said. "The muni markets have never been a fair marketplace but current conditions for...

Word of the Day
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).