Of the seventy-one, five were general obligation bonds and 66 were non-GO (revenue) bonds.
Stay with general obligation bonds, which are backed by the full faith and credit of a municipality.
There are pockets of opportunity called Texas, Tennessee, Georgia and General Obligation bonds.
Stick with AA-rated, general obligation bonds, or bonds that are backed by services that are crucial to the municipality like water or power bonds.
Instead, buy general obligation bonds from great credit worthy states and cities like Texas, City of Houston, Dallas, Virginia State, Richmond, Tennessee and Maryland.
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Investors willing to work a little harder can earn another percentage point by buying general obligation bonds from small lesser-known towns and school districts.
What if a fiscally challenged state comes to market with 30 year General Obligation bonds and few buyers show interest at a paltry 5.5% yield?
Should it limit the subsidy to general obligation bonds only?
Make sure your bonds are essential service, general obligation or revenue bonds that through thick and thin (plan on even thinner) will pay.
But if you are a worry wart then buy only essential service revenue and General Obligation municipal bonds.
To reduce interest-rate and default risk, Ms. Benz suggests sticking with intermediate-term muni-bond funds with a high percentage of their holdings in general-obligation bonds, which are repaid with tax revenue.
Yet, emerging market and high yield bonds in general have underperformed safety all year.
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One strategy for playing it safe is to shorten the duration of your muni holdings and consider owning bonds that are backed by a mix of general obligations from stable issuers and revenue bonds backed by specific cash-flow rich franchises.
We saw this happen with the General Motors ( GM) bonds here in America a couple of years ago.
They have thirty or forty years before they need the money but they are using reactive short-term strategies rather than implementing proactive long-term strategies, yet 71% of employees under the age of 30 that have used our online financial assessment tool report having a general knowledge of stocks, bonds, and mutual funds.
While those bonds are expressly non-transferable, which means they cannot be sold to the general public, the federal government can sell new bonds to the public to pay off these Social Security bonds, without exceeding the current national debt limit.
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These bonds tend to appeal to the general public, which also makes them aptly suited for issue by governments as a type of savings bond.
These two bold steps will make clear that the investors in risky bonds and risky banks, not the general public, will take the hit for what turned out to be bad investments.
Mr. Barnes did note that he suspected that Clemens and Bonds would have been an exception to these general principles.
And Mr Schwarzenegger is proposing a constitutional amendment to ensure that debt service on the bonds can never exceed 6% of the general fund.
When it was a subsidiary of AIG, American General Finance, as Springleaf used to be called, issued bonds at interest rates of 5% to 7% and made loans at rates that often topped 10%.
In other words, the employees, both union and management, general and public safety, are right now paying off the pension obligation bonds.
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But in general, I think the play has been over, obviously in these notes and bonds, and bond funds for that matter.
While UK bonds produced a return of around 3% in 2001, equities, in general, fared badly.
"There's been a general flight to quality, so very few people want to take a chance on high-yield bonds right now, " said Cecilia L. Gondor, executive vice president of Thomas J.
Tobacco bonds, for the uninitiated, are an offshoot of a 1998 settlement among 46 state attorneys general and four big tobacco companies--Philip Morris USA, R.
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