Submit a Story!
topics:

The coming collapse of the municipal bond market
Why aren’t more municipal bonds being downgraded by the ratings agencies Fitch, Moody’s and S&P? If you look at sovereign debt in revenue-constrained countries like Greece, Portugal or Ireland , the ratings agencies are issuing warnings. But, states and municipalities are suffering from the ...
The Coming Collapse of the Municipal Bond Market
blogs.law.harvard.edu — A money manager friend showed me an interesting research report by Frederick J. Sheehan titled “Dark Vision:... The Coming Collapse of the Municipal Bond Market. This is a product of weedenco.com and available only to subscribers, but I will ... (more) The Coming Collapse of the Municipal Bond Market
Comments
Blog Reactions

The coming collapse of the municipal bond market
IEHI Feed: The Hedge Fund Implode-o-MeterThe coming collapse of the municipal bond market (creditwritedowns.com) [image] Search Enter your search terms Web HF Submit search form 2009-11-05 " Why aren’t more municipal bonds being downgraded by the ratings agencies Fitch, Moody’s and S&P? If you look at sovereign debt in revenue-constrained countries like Greece, Portugal or Ireland, the ratings agencies are issuing warnings. " go to full article | permalink to this | forum thread | Subscribe by email! [image] Comments: Be the first to add a comment add a ...

Thursday links: the carry trade
Abnormal Returns — ... Edward Harrison, “Why aren’t more municipal bonds being downgraded by the ratings agencies Fitch, Moody’s and S&P?”  (Credit Writedowns) ...

Related Content
Why the Municipal Bond Market is in Decline
traderfeed.blogspot.com 12/14/2008 — Something interesting has been going on since the latter part of November: investment grade corporate bonds (LQD; blue line) have dramatically outperformed municipal bonds (MUB; pink line). Actually, the outperformance is understated in the chart ...
California’s Bond Credit Rating Slashed by Moody’s (Update1)
bloomberg.com 7/20/2009 — July 14 (Bloomberg) -- California’s credit rating, the lowest of all U.S. states, was cut for the second time in as many weeks amid lawmakers’ failure to close a $26 billion deficit that left the most-populous state issuing IOUs to creditors. Moody’s ...
Moody’s: CRE Prices Off 41 Percent from Peak, Off 3% in August
calculatedriskblog.com 10/20/2009 — From Bloomberg: U.S. Commercial Property Values Fall 3% in August (ht James) The Moody’s/REAL Commercial Property Price Indices fell 3 percent in August from July, bringing the market’s decline to almost 41 percent since its peak in October 2007, ...
Reducing Deficit Key to US Rating: Moody
cnbc.com 10/22/2009 — The United States, which posted a record deficit in the last fiscal year, may lose its Aaa-rating if it does not reduce the gap to manageable levels in the next 3-4 years, Moody's Investors Service said on Thursday. The U.S. government posted a ...
Municipal Bond Strength: A Bit of Risk Appetite Among Investors
traderfeed.blogspot.com 5/21/2009 — Here's a two-year chart of daily closes for the Vanguard Intermediate-term municipal bond fund (VWITX). Note how we've recovered from the large losses late in 2008 and now are back up to the prior price highs. In a low interest rate environment, ...
Ex-Moody’s Analyst: Inflated Ratings Continue
ritholtz.com 9/23/2009 — Eric Kolchinsky, a former debt analyst for Moody’s Investors Service, says the firm gave “a high rating to a complicated debt security in January 2009 knowing that it was planning to downgrade assets that backed the securities.”  ...
Bond Trading Highest Since ‘07
calculatedriskblog.com 2/20/2009 — From Bloomberg: Bond Trading Highest Since ‘07 as Credit Freeze Thaws Corporate bond trading in the U.S. is rising to the highest level in two years, adding to evidence that credit markets are thawing even with stocks off to their worst start since ...
Overreaction, or Coming Collapse?
norris.blogs.nytimes.com 11/12/2008 — With 60 percent of junk bonds trading as if default were likely, either some bonds are good buys or economic disaster is approaching.
The Trade for a Municipal Bond Bailout
tradinggoddess.blogspot.com 1/24/2009 — In the United States, state and local governments across the country are experiencing similar debt and budget deficits that the individuals, organizations, and federal government are facing. In the grand scheme of things, I think we will see a ...
The Problem at Moody’s
baselinescenario.com 10/21/2009 — Kevin Hall of McClatchy has an article about Moody’s that goes beyond the usual — giving AAA ratings to products “structured by cows” and taking money from the cows (actually, the “cows” comment was from S&P). He documents how Moody’s forced out ...