Tuesday, January 02, 2007

Municipal Bonds news 1/2/2007

Municipal Bonds news 1/2/2007
Georgia, New York Debt Sales Lead Week's Borrowing in U.S. Muni Market Tax-exempt debt sales in New York and Georgia are to lead less than $3 billion in U.S. municipal borrowing set for this week, after benchmark 30-year yields posted their largest monthly increase since March last month.
Eliot Spitzer Asks New York Lawmakers to Tighten Rules on Albany Ethics New York Governor Eliot Spitzer, in his inaugural address, said stricter ethics rules are a top priority of his administration, and he called on legislators to put aside self interest and get behind them.
Treasuries to Rise Most in Five Years as Fed Cuts, Primary Dealers Predict Wall Street's biggest bond-trading firms, confident the Federal Reserve will lower interest rates as the U.S. economy cools, say Treasuries will post the best gains in five years during 2007.
Americans Pay Tribute to Ford in State Funeral, National Day of Mourning Americans paid tribute to the life and legacy of former President Gerald R. Ford during a funeral in Washington at which eulogists recalled him as a man of unfailing decency who faced the challenge of healing a nation torn apart by the Watergate scandal.
New Jersey Should Abolish Death Penalty, Study Commission Says in Report New Jersey should abolish the death penalty and replace it with life in prison without parole, a commission recommended to Governor Jon Corzine and state lawmakers.
Auction-Rate Securities' Reset Date Is Delayed to Jan. 3, Trade Group Says U.S. securities firms that had planned to reset rates on Jan. 2 for so-called auction-rate bonds will now do so a day later, a bond markets group said.

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