Louisiana State Treasurer John Kennedy said the state will refinance $1.1 billion of tobacco settlement bonds to generate funds to aid small business damaged...
Muni Bonds News and Perspectives
Below are bond market commentaries, strategies and analyses written by our municipal bond specialists. They are listed by date.
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Decision Expected Soon in Important Tobacco Case
The Illinois Supreme Court revealed this week that it will finally issue its opinion on the Price Lights case, according to its docket of cases for the...
California’s Move Rewards Bondholders
California is taking a page from New Jersey's playbook and plans to refinance $3.3 billion of state-backed tobacco bonds (double-barreled), another indication...
Intangible Tax Changes Benefit Florida Investors
Florida investors holding out-of-state bonds will receive a New Year's gift from the Florida Legislature next year. Beginning in 2006, Florida's Intangible...
‘Common Sense’ Column Defies It
We couldn't help but recoil while reading James B. Stewart's "Common Sense" column in the June 15th edition of The Wall Street Journal. Don't get us wrong, we...
Parties to Tobacco Pact Seek Resolution of Differences
The litigation environment surrounding tobacco has improved, and the Master Settlement Agreement (MSA) between tobacco manufacturers and states is firmly in...
When Is A Profit Not A Profit?
"I currently have a sizable bond portfolio that has a good profit. My current broker has advised me to let a bond specialist manage the fund and take some of...
Florida Investors Closer to a Tax Break
Florida investors are one step closer to getting a tax break, courtesy of the state Legislature. Florida's House of Representatives approved a bill April 5...
Smoke Clearing for Tobacco Bonds
Tobacco bond investors received more good news on the legal front when San Diego Superior Court Judge Ron Prager ruled that a California lawsuit, Brown v....
Muni Bond Holdings Hit Record
Investors own more municipal bonds than at any time in history and strongly favored individual issues over mutual funds, according to flow of funds data...
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