Municipal Bonds News
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New York Governor Andrew Cuomo’s plan to fix the Long Island Power Authority, which left thousands of customers in the dark for weeks after Hurricane Sandy, isn’t winning over municipal-bond investors.
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At Great Bay Marina in New Jersey’s Little Egg Harbor, there’ll be no calls for hamburgers in the restaurant and few revving motors will drown out seabirds’ cries this holiday weekend, usually one of the year’s busiest.
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Treasury 10-year notes rose as the highest yields since March bolstered demand while investors debated whether the economy is strengthening enough for the Federal Reserve to consider slowing stimulus measures.
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A former Goldman Sachs Group Inc. investment banker will pay $100,000 to resolve U.S. regulatory claims that he made improper contributions to a Massachusetts treasurer while seeking state underwriting business.
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