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December 2, 2008 9:08:54 AM CST


bond market

bond market news stories

6 Stories

 Credit Markets Show 
 Signs of Thaw 

But experts warn that the credit market remains tight, and may not ease for months

(Newser) - The government’s move to take stakes in major banks has finally succeeded in easing some of the panic that’s locked up credit markets, reports the Wall Street Journal. Corporate-bond values rose and commercial paper began trading at lower rates, giving hope that the intervention is working, though experts say there’s a long way to go before business gets back to normal . More »

More about:  Financial Crisis stock market credit market chaos bond market deleveraging

California, Out of Cash,
Begs for $7B From Treasury

Cash-starved Calif,  credit markets, may need bailout of its own

(Newser) - California is almost out of cash, Gov. Arnold Schwarzenegger warned the Treasury Department yesterday, and may need an emergency loan of up to $7 billion from the federal government, the Los Angeles Times reports. California is the largest of several states locked out of the bond market by the credit crunch, and officials said that payments to schools and government agencies could be cut off. More »

Credit Crunch Shuts Down State, City Projects

Projects shelved as municipal bond
market dries up

(Newser) - The credit crisis is squeezing the life out of local governments, reports the New York Times . Cities and states have found themselves shut out of bond markets for the last 2 weeks, and big projects, from new hospitals to highway repairs, are being shelved or delayed. Analysts believe the days of cheap cash for local governments are over and tough choices lie ahead even when the market picks up again. More »

More about:  credit crisis finance state governments cities municipal bonds bond market city government

Municipalities Challenge
Bond Ratings

Local officials say double standard
cheats taxpayers

(Newser) - City and state officials are mounting a rebellion against bond rating firms they say are siphoning off billions of taxpayer dollars by giving them unfairly low credit ratings, the New York Times reports. Even though municipal bonds are generally safer than those issued by corporations, municipalities get lower credit scores, which in turn means higher interest and insurance fees. More »

More about:  California S&P 500 Washington Oregon Connecticut municipal bonds bond market Moody's

(Newser) - A quiet infusion of $1.5 billion from two European banks will help bond insurer CIFG maintain its AAA credit rating, the Wall Street Journal reports. The move keeps at bay a crisis in the bond market that could cost investors $200 billion and might provide a bailout blueprint for other bond insurers struggling in the wake of the subprime mortgage meltdown. More »

More about:  MLB baseball Financial Crisis subprime mortgages mortgage backed securities investing bond market

Credit Crunch Hits Bond Market

Tight corporate borrowing could slow economy

(Newser) - Ripples from the credit crisis have reached the corporate bond market—threatening to slow down the economy by seriously limiting the ability of major corporations to borrow money for new projects,  the Washington Post reports. Credit problems have already begun to bite into the future plans of Hertz,  Deere & Co. and Home Depot . More »

More about:  Federal Reserve US economy Wal-Mart money General Electric Countrywide Home Depot Johnson and Johnson bond market

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