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.
- Deutsche Bank Investors Stuck Waiting for an Unwanted CallThe lack of a resolution on fines leaves the German lender vulnerable. […]
- The Worrying Weak Point for Super-Strong BondsInflation and central banks have investors jittery, but the bond market has a built-in weakness to worry about. […]
- ZTO: Keep Clear of Chinese E-commerce Belly FlopChinese express delivery company ZTO’s 15% first-day drop augers a difficult road ahead. […]
- Deutsche Bank Investors Stuck Waiting for an Unwanted Call