Category Archives: Bonds

Munis Bonds

FMSBonds says:

“As uncertainty continues to surround the ever-changing tax overhaul plan, municipal bond issuers aren’t taking any chances: They’re conducting a gusher of bond sales at a pace not seen in more than 30 years.

Issuance this week is expected to total almost $12 billion, according to Thomson Reuters, following two weeks that each saw $20 billion in sales.

At the current rate, state and local governments are on track to easily exceed the monthly record of $54.7 billion in bond sales reached in 1985.”

Muni bonds and recent storms

“Early signs indicate bond insurers can withstand the recent hurricanes Harvey and Irma with no change in credit ratings, while Maria’s impact may be moot.

Although insurers are still tallying the costs, S&P Global Ratings said Assured Guaranty, Build America Mutual and National Public Finance Guarantee aren’t at risk for a ratings downgrade as a result of Harvey and Irma.” — FMS Bonds


New issue in the news …

Citigroup Inc. Retail Notes

Maturity: 05/15/26
Coupon: 3.000%
Payment: Semi
Callable: NC
Yield: 3.000%
Ratings: Baa1/BBB+/NA
Trade Date: 05/02/16


In the news …

Prospect Capital Corporation InterNotes


Cusip Maturity Coupon Payment Callable Yield* Ratings** Trade Date
74348YTK7 04/15/21 5.500% Semi 04/15/17 5.500% NR/BBB-/NR 04/18/16


J.P. Morgan Chase & Co
New Issue Title: Notes

Apple Inc.
New Issue Title: Notes

Loews Corporation
Issue Title: Senior Notes