Municipal Bonds
California `Full Speed Ahead' on Build America Sales After Florida Delay California, the largest U.S. issuer
of municipal debt, is pursuing its next sale of Build America
Bonds, even as Florida suspended its offerings on concern that
the Internal Revenue Service may block interest-cost subsidies.
Fed May Increase Discount Rate Before Next Policy Meeting, Economists Say The Federal Reserve may increase
the discount rate, charged on direct loans to banks, before the
next meeting of the Federal Open Market Committee on April 28,
economists said.
Treasury Yield Curve Flattest Since January on Inflation Outlook, Supply The difference in yield between 2-
and 10-year Treasury notes narrowed for a fifth week as the
Federal Reserve reiterated it would keep borrowing costs low for
an “extended” period and reports showed a lack of inflation.
New Jersey Teachers to Pay Health Insurance as Benefit Curbs Near Passage New Jersey lawmakers will give
final approval next week to measures aimed at whittling down a
$46 billion funding hole in the pension system, Deputy Assembly
Speaker John Burzichelli said.
Hawaii Report Finds `Lax Management' at State Treasury on Auction Rates Hawaii State Auditor Marion M. Higa
found “lax management” of the state’s treasury led to a $1
billion investment in auction-rate securities that will result
in $254 million in writedowns.
Citigroup Names Kept Secret by Treasury Out of Concerns About Harassment The U.S. Treasury Department
refused to disclose names of Citigroup Inc. executives who
haggled over bailout terms in late 2008 after the bank said they
might be harassed like the American International Group Inc.
workers pilloried for taking big bonuses.
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