“Negative sentiment took a firm hold of the [subprime bond] market” this past week. “We think the weakness in the ABX will continue.” – JP Morgan in a report from Friday June 15 In “Ills Deepen in Subprime Bond Arena”…
Last November, the voters of CA approved more than $37 billion in bond issuance to improve the state’s infrastructure. Next Monday and Tuesday retail investors will be able to place orders for $2.5 billion in bonds that go on sale…
This morning Barry Ritholtz put up a post on saying that bonds are oversold on sentiment and technicals if not valuation. In that post, he links to an article by Barron’s interest rate columnist Randall Forsyth, “It’s For Real: Bond…
A couple weeks ago, regarding the so called “Rebuild California” propositions and their effect on outstanding state of California debt I wrote: If you are an owner of State of CA municipal bonds, as many people are because the interest is…