Buying municipal bonds usually helps individuals lower taxes. This year, amid the worst losses in the $3.7 trillion market since 2008, so does selling the debt.
States and cities slashing borrowing to cut costs are driving the $2.9 trillion municipal- bond market to its sixth-straight month of positive total returns, the longest winning streak since 2002.
What a difference a year makes for investors in California municipal bonds.
February 8, 2013 - In investing, every silver lining has a cloud. Almost all good news can be spun as bad news, and vice versa. The economy’s booming? Watch out for inflation and higher interest rates. The market crashed? What a buying opportunity!
General Motors Co. boosted vehicle sales in Thailand 62 percent in April as political unrest failed to dent rising demand fueled by the nation’s growing economy.
Brown University is unwinding an interest-rate swap with Goldman Sachs Group Inc. that may cost one of the world’s richest schools about $5 million.
"Historically, there is a more conservative approach to debt in Texas, but with the population increases going on, it's demanding that certain long-term projects be financed."
- John Bonnell on Jul 07, 2014