The U.S. Supreme Court will take up a case that could affect state taxes on municipal bonds, published reports said.
The Municipal Securities Rulemaking Board will consider amending Rule G-14 to heighten securities’ transparency.
After being beaten down as a result of the subprime-mortgage mess, junk bonds now look like big winners following last week’s interest rate cut by the Federal Reserve.
It’s the latest chapter in whether insurers can sue participants in a municipal bond transactions for securities fraud.
The iShares S&P National Municipal Bond Fund from Barclays Global Investors won’t be the last.
A steep fall in bonds has led to speculation that China may be pulling its funds from the U.S., The Telegraph said.
Hedge funds have become the big fish in the debt-trading pool, according to a report by Greenwich Associates.
Bond fund manager Bill Gross said the subprime-mortgage crisis merits a swift federal response.
The founder and managing director of Pacific Investment Management Co. is buying debt of investment banks.
Lehman Brothers launched the Lehman Brothers Municipal Index Swap, according to published reports.
SEC chairman Christopher L. Cox delivered Congress a "white paper" calling for upgrades to accounting and disclosure in the municipal securities market.
The SEC chief wants Congress to mandate more oversight of the $2.4 trillion municipal bond market.
