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.

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