Municipal Bonds
Florida Temporarily Suspends Build America Bond Issuance, Official Says Florida temporarily suspended sales
of Build America Bonds on concern that the Internal Revenue
Service may block federal interest-cost subsidies, said Ben
Watkins, who oversees the state’s debt sales.
New York City to Sell Build America Bonds as Yields Fall to Five-Week Low New York City is bringing $644.6
million in Build America Bonds to market today as yields on the
taxable debt are at the lowest in about five weeks, amid demand
from institutional investors and foreign buyers.
Montclair Schools Get `Bludgeoning' as Christie Slashes New Jersey Deficit Montclair, the northern New Jersey
town with a median income almost twice the U.S. level, may fire
more than 5 percent of its workers because of Governor Chris
Christie’s proposed $29.3 billion budget. The Chathams, 15 miles
southwest, may lose state funds that could pay for 45 teachers.
Treasuries Decline on Evidence of Recovery in U.S. Labor Market, Factories Treasuries decreased as reports
showed initial jobless claims dropped for a third straight week
and manufacturing in the Philadelphia region expanded in March
at the fastest pace this year.
Bernanke Says Dodd Plan to Limit Oversight Hurts Fed Ability to Spot Risks Federal Reserve Chairman Ben S.
Bernanke criticized a proposal in the Senate to limit the
central bank’s supervision to the largest financial firms,
saying it would undercut its ability to spot financial risks.
Corporate Bonds Benefit From Sovereign Debt Crisis With 2-Year Low Spreads Company borrowing costs have fallen
to the lowest levels since the credit crisis started to roil
markets in 2007, as investors seek alternatives to sovereign
securities tainted by governments’ deteriorating finances.
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