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Bonds, haven for elderly and cautious, are getting torched
High-quality U.S. bonds have lost more than 10% so far this year, as of Monday, on pace for one of their worst years in history.
Howard County completes $76M bond sale
Howard County Executive Calvin Ball said $76 million in Public Improvement and Metropolitan District bonds were sold via a competitive bid process.
Federal judge to rule next week on controversial Harford Co. development
A federal judge will rule next week on whether to order Harford County to issue relevant permits and allow a subdivision to continue construction in Joppatowne.
Algeco Scotsman seeks to raise $1.77B in bond offering
Algeco Scotsman Global, a portable storage and remote workforce accommodation company headquartered in Baltimore, has a plan to raise about $1.77 billion through bond offerings by its affiliates.
It’s a volatile day for U.S. Treasury notes
Investors flooded into the U.S. Treasury market in a way not seen since the depths of the financial crisis, causing the yield on the benchmark 10-year Treasury note to fall below 2 percent for the first time in more than a year.
‘Eds and meds’ strengthen Baltimore’s credit
Baltimore was singled out by Moody's as a primary example of how universities and hospitals can contribute to a city's economic vitality.
State selling record amount in bonds to finance local projects
In order to provide infrastructure improvements in six jurisdictions, the Maryland Department of Housing and Community Development is selling a record-high $41 million in bonds through the Local Government Infrastructure Financing program.
Baltimore sells debt with highest rating in 50 years
Baltimore is selling about $64 million of bonds this week as the municipality’s general-obligation debt carries the highest credit scores in half a century.
Fed wrestled in Oct. with conveying rate policy
WASHINGTON — The Federal Reserve wrestled at its October meeting with how to assure investors that even after it started to pull back on its economic stimulus, it still intends to keep its keep short-term rate near record lows. The minutes of the Oct. 29-30 meeting showed that all but one Fed official believe it […]
Fed leaves low interest-rate policies unchanged
WASHINGTON — The Federal Reserve says the U.S. economy still needs support from its low interest-rate policies because it is growing only moderately. In a statement Wednesday after a policy meeting, the Fed said it would keep buying $85 billion a month in bonds to keep long-term interest rates low and encourage borrowing and spending. […]
Verizon has biggest bond sale in history
NEW YORK — Verizon raised $49 billion on Wednesday in the largest corporate bond deal ever. The sale dwarfs the previous record, Apple’s sale of $17 billion in bonds in April, and proceeds from the sale on Wednesday will help Verizon buy the rest of its U.S. wireless business from partner Vodafone. The record sale […]
JPMorgan faces criminal probe over mortgage bonds
NEW YORK — The U.S. Justice Department is investigating JPMorgan Chase over mortgage-backed investments the bank sold in the run-up to the financial crisis. The New York-based bank said in a regulatory filing that it is responding to investigations by the civil and criminal divisions of the U.S. Attorney’s office for the Eastern District of […]
