The Return of Money Fund Fees
Rate Climate Spurs Fewer Waivers
By Dan Seymour | Jul 30Money market funds are taking advantage of higher short-term interest rates the past few months to reclaim some of the management fees they have been waiving to avoid negative yields. [FREE]
Fairholme Bets Big On MBIA
Berkowitz Sees Insurer’s Upside
By Patrick McGee | Jul 30Fairholme Capital Management’s motto is “Ignore the Crowd,” and the hedge fund is sticking close to that maxim with its roughly $200 million investment in MBIA Inc. [FREE]
Bond Buyer Indexes
Yields in Near-Complete Drop
By Michael Scarchilli | Jul 30Nearly all The Bond Buyer’s weekly yield indexes declined this week, finishing off a mostly-firmer period with hints of weakness.
Deal in Focus
Calif. Charter Scores 'Interest-Free’ QSCB Deal
By Rich Saskal | Jul 30A California charter school effectively borrowed 10-year money interest free, in what is believed to be the first qualified school construction bond deal by a California charter.
Other Headlines
Market News
Regional News
Washington
Investors & Investing
- Tax-Free Money Funds Lost $2.79B Last Week
- Nuveen to Buy First American Funds’ Long-Term Asset Business
Underwriters & Dealers
This Week's Top 5 Issues
| Amount | Issuer | St | Description | Sale Date |
Sale Time |
|---|---|---|---|---|---|
| $1,500,000 | TX | 07/27/10 | 9am ET | ||
| $800,000 | NY | 07/26/10 | 9am ET | ||
| $717,690 | WA | 07/28/10 | 8am ET | ||
| $430,000 | OH | 07/28/10 | 9am ET | ||
| $300,000 | TX | 07/28/10 | 9am ET |
Weekly Indexes
| Current | Previous | High* | Low* | |
| Rev. Bond | 4.80% | 4.78% | 5.90% | 4.69% |
|---|---|---|---|---|
| 20-Bond | 4.21% | 4.26% | 5.16% | 3.94% |
| 11-Bond | 3.94% | 3.97% | 4.94% | 3.69% |
| 1-Yr. Note | 0.48% | 0.54% | 1.09% | 0.39% (all time) |
*(Last 12-months)
Today's Top Competitive Issues
There are no competitive bond sales scheduled for July 30, 2010.
