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Large deals in New York and New Jersey -- led by New York City's $900 million general obligation bond refunding -- are expected to spark high demand this week due to their specialty state status despite an otherwise lackluster primary market dulled by the seasonal summer pullback in issuance.
August 10
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Detroit launched a tender offer program for holders of $5.2 billion of water and sewer bonds Thursday night, offering tender prices that range from a high of 118 cents on the dollar to a low of 72.5 cents on the dollar as it aims for a massive refinancing that will end a months-long battle with water and sewer bondholders.
August 8 -
Municipal bonds on the intermediate part of the curve outperformed long term maturities, producing a positive return with less volatility in the past 18 months, according to Granite Springs Asset Management.
August 8 -
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The Bond Buyer's muni bond indexes were narrowly mixed in the week ending Aug. 7.
August 7 -
Bond insurer Syncora Guarantee Inc., Detroit's fiercest opponent in the city's bankruptcy case, said it is already gearing up for appeals process assuming the city's plan is confirmed in a trial set to start later this month.
August 7 -
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Bankrupt Detroit has floated a plan asking holders of $5.2 billion of water and sewer bonds to tender their debt, allowing the city to refinance in an effort to achieve savings.
August 6 -
T. Rowe Price recently launched an Intermediate Tax-Free High-Yield Fund targeting investors who are worried about protecting their principle in the face of potentially higher interest rates yet comfortable with some extra risk.
August 6 -
Transportation Secretary Anthony Foxx is urging voters to press lawmakers for a long-term solution to federal highway funding before the end of 2014, but industry experts don't expect Congress to take action until spring 2015 at the earliest.
August 6
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The National Association of Water Companies wants the Treasury Department to clarify tax rules so that state and local governments can ensure the tax-exempt bonds they used to finance their water and wastewater facilities will not become taxable if they enter into public-private partnerships.
August 5
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Roger Williams University trustees have authorized negotiations to lease the former 38 Studios office for its own downtown Providence expansion.
August 5 -
Rhode Island's Tobacco deal has been put on day to day status by Citigroup following a lawsuit from two Oppenheimer Rochester funds.
August 5
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