The Municipal Securities Rule-making Board has released draft rules today aimed at tightening the standards that govern the conduct of firms that give advice to public officials regarding their municipal bonds.
municipal bonds
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While US and foreign banks do away with risky investments like municipal bonds, hedge funds had taken advantage with the loss of a competitor and increased their positions in such assets, a Barron's report said.
General Electric Co agreed on a USD 18.25 million settlement of a class action lawsuit that accused the company of rigging bids for municipal bonds, according to a Reuters report.
According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013.
According to a new accounting rule, pensions were in bad shape.
The Yankees and the Mets, both New York MLB teams are climbing in value in the bond market.