In Muni Sector, High-Yield Bonds Are Cooling, but State Bonds Are Hot
Municipal bonds tied to the tobacco settlement have been hot lately, returning over 19% so far this year, but that doesn’t mean investors should inhale, says an S&P analyst.
American Airlines Parent Files for Bankruptcy
AMR, the parent company of American Airlines and American Eagle, filed for Chapter 11 bankruptcy on Tuesday, citing its “very substantial cost disadvantage” compared with competitors and its labor costs. It had been the last of the “legacy” airlines to do so, and its action could affect the municipal bond...
Insurance, Muni Bonds Not Dampened by Irene
Hurricane Irene may have roared up the coast last weekend, but she did not leave complete financial wreckage in her wake. Neither the insurance industry nor the municipal bond market was devastated, despite the billions of dollars in damage.