Municipal Bonds
Municipal Bond Yields Slide to Four-Week Low as Sales Outlook Declines Benchmark U.S. municipal bond yields
fell to a four-week low as sellers demanded higher prices in
anticipation of a drought in new issues around holidays
beginning with the U.S. Thanksgiving observance next week.
New York Lawmakers' Self-Interest Imperils State Finances, Paterson Says New York Governor David Paterson
said lawmakers who refuse to cut spending are avoiding their
responsibilities and have put their interests ahead of the
state’s.
New York State $3.2 Billion Deficit Threatens Credit Rating, Moody's Says New York state’s credit rating is in
danger of a downgrade, which may raise borrowing costs, if
spending cuts aren’t part of the solution to this year’s $3.2
billion deficit, Moody’s Investors Service said.
U.S. Two-Year Treasury Yields Fall to Lowest This Year on Refuge Buying Treasury two-year note yields fell
to the lowest this year on concern the rally in risk assets has
outpaced growth prospects and as Federal Reserve officials
signaled interest rates will stay low.
California Had Record October Unemployment; Joblessness Rose in 29 States California, Delaware, South Carolina
and Florida registered record rates of unemployment in October
as weakness in the labor market stretches from coast to coast
and limits the economic recovery.
Ohio Sues S&P, Moody's and Fitch, Says Its Pensions Hurt By Faulty Ratings Standard & Poor’s, Moody’s Corp. and
Fitch Inc. were sued by Ohio Attorney General Richard Cordray,
who said the three companies disregarded their responsibility to
provide “accurate credit ratings of investments.”
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