This month saw more of news about financial market volatility. Tax day has come and past. The Month’s municipal bond news included:
- 4/17/12: EMMA – MSRB – Municipal Securities Rulemaking Board – Read the Official Statement of bonds and also use the new EMMA System Alerts feature to stay up to date on any important disclosures.
- 4/17/12: Safest Return Imperiled as Kansas Considers Tax Cut: Muni Credit – Bloomberg. Kansas and Oklahoma be affected by the proposals to cut income taxes. Both states have an AA+ rating from S&P.
- 4/27/12: The Jefferson County legal battle is now moving towards resolving whether County Officials can divert money to fix a leaky sewer system instead of paying debtholders. This case will take years to resolve.
- 4/27/12: New credit default swaps have been expanded for Municipal Bonds. This is increasing on trading volumes and could inject volatility into the bond market.