Municipal Bonds
Palin to Quit as Alaska Governor Amid `Politics of Personal Destruction' Sarah Palin’s abrupt announcement
that she was resigning as Alaska’s governor left observers
speculating about a future for her that could range from a 2012
White House bid to political oblivion.
California Will Pay 3.75% Interest on IOUs to Pay Bills, Panel Decides California will pay an interest rate
of 3.75 percent on IOUs it will begin using today to pay its
bills, a panel decided, as Governor Arnold Schwarzenegger and
lawmakers remain deadlocked over how to close a $26 billion
budget deficit.
New York State Senate to Work Through Holiday as Power Struggle Drags On A Democrat involved in the 26-day
standoff over control of the New York Senate said lawmakers and
Governor David Paterson will work through the U.S. Independence
Day weekend, after talks on the impasse failed to resolve it.
Treasuries Increase as U.S. Payrolls Decline More Than Forecast in June Treasury notes gained, with two-year
yields falling below one percent for the first time in almost a
month, after a government report showed the U.S. economy lost
more jobs than forecast in June.
Muni Market Sales Fall in Holiday-Shortened Week as Second Half Begins Municipal-bond sales fell in the
holiday-shortened week, marking the start of the second half of
a year in which prices rebounded from the lows of 2008 amid the
launch of taxable Build America Bonds.