Municipal Bonds
Detroit Sells $250 Million of Its Debt Without Recent Disclosure Filings Detroit, the largest U.S. city
whose debt is rated below investment grade, will ask investors
today to buy $250 million of its debt without having filed
annual financial reports on time for five years.
Economy in U.S. to Cool as Stockpiles Give Way to Exports as Growth Driver Efforts to stabilize inventories
will contribute less to the U.S. economy in coming months,
leaving business investment and exports to propel growth,
according to economists surveyed by Bloomberg News.
Trade Deficit in U.S. Probably Widened for Third Month as Imports Climbed The U.S. trade deficit probably
widened in January for a third month as imports grew faster than
exports, pointing to a rebound in global economic growth,
economists said before a report today.
Corporate Bond Spreads at Narrowest This Year Attract GMAC: Credit Markets Corporate bond yields fell to the
lowest this year relative to benchmark government securities,
luring GMAC Inc. to sell its longest-maturity notes since 2004.
Treasury Two- to 30-Year Spread Near Record High Before Long Bond Auction The difference in yields between 2-
and 30-year Treasuries was near the highest on record as the
U.S. prepares to sell $13 billion of bonds amid signs the global
recovery is gaining momentum.
Naked Credit-Default Swaps Crackdown in Europe Rings Hollow Without U.S. European politicians and regulators
could initiate a continent-wide ban on speculative trading of
sovereign credit-default swaps tomorrow. Making it stick without
the Americans won’t work.
Biggest Rally in 76 Years Not Dead Yet as Seers See More to Come for Obama Laszlo Birinyi will never forget
the moment a year ago when the last ounce of confidence
disappeared. Everyone from billionaire Warren Buffett to New
York University Professor Nouriel Roubini was convinced that the
economy was in a free-fall, that exploding deficits would
devastate the dollar and that home prices were heading down as
much as 20 percent.
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