December 12: Muniland Snaps

December 12, 2011

Half of muniland is owned by institutions, the other half by retail investors. Graphic source via MSRB.

Good Links

IMF: Study: Treasury market directly causes changes in the municipal bond markets

Bloomberg: Raise state income taxes and demand for tax-exempt municipal bonds soars

Crains New York: Under the gilded hood, the muni-bond world has long been a sordid place

FT: Wells Fargo pays $148 million to settle bond-rigging case

FT: Fabulous municipal bond fund returns, with a few small storms on the horizon

Bond Buyer: Trade association updates muni primer ten years after last revision (available in Kindle, too)

Reuters: Insolvent Harrisburg appeals federal judge’s rejection of bankruptcy status

Bloomberg: BONY Mellon digs into old Alabama law to try and get Jefferson County’s bankruptcy dismissed

Bloomberg: U.S. Senator asks Amazon to halt its price-checking promotion application

@Twitter Talk

James Knickman JimKnickman James Knickman  Do we spend too much on health care, too little on social services, and end up with poor health outcomes?

Michael Pietronico @MillerTabak Michael Pietronico   today’s 30 day visible supply of a little over 8 billion will do little for those hoping for lower municipal bond prices

The Bond Buyer @TheBondBuyer The Bond Buyer  Muni Bond Funds See Largest Inflows in Almost Two Years

Ann Hollingshead @AnnHollingshead Ann Hollingshead   Why Jon Stewart is Right about Taxes… and California‘s budgetary woes…

The Economist @TheEconomist The Economist   If Detroit gets taken over by Michigan, it will be the largest American city to be taken over by a state

Govistics by CGR Govistics Govistics by CGR   Detroit is dangerously close to going broke.… city leaders taking “drastic steps.”

Dan Gilmartin @DPGilmartin Dan Gilmartin   Historic houses of worship flood metro Detroit real estate market… #signothetimes

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