The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- Global Stocks Fall as Brief Oil Rally FadesInvestors sold global stocks and plowed into government bonds as oil prices resumed their downward trend. […]
- 7 Things Investors Should Be Watching For in 2016After a rough January, here’s what investors can do to deal with what’s ahead. […]
- Hedge Funds Bet on Risks in U.S. Blue-Chip DebtHedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. Some see evidence of problems that won’t be confined to areas such as energy and junk bonds. […]
- Global Stocks Fall as Brief Oil Rally Fades