Detroit News staff and wire reports Published 9:26 AM EST Dec 5, 2018 Luck was on Detroit’s side when it returned to the municipal bond market. A Treasury market rally, low supply and strong demand for high-yielding securities greeted the city when it sold $135 million of debt Tuesday, the first sale of bonds backed only by the city’s promise to repay since it filed a record-setting bankrupt five years ago. The conditions allowed Detroit to secure lower interest rates than initially expected, leaving it paying even less than some borrowers that haven’t reneged on their debts. Bonds were priced with yields ranging from 3.36 percent on a 2020 maturity to 4.95 on those due in 2038, tighter than what was first offered. The city also was able to increase the size of the deal from $111 million to $135 million, an indication of strong demand. “It’s a perfect recipe to come to market,” said Kathleen McNamara, senior municipal bond strategist at UBS … [Read more...] about Detroit sees little bankruptcy penalty as it sells muni bonds
Bond market outlook 2017
Detroit sees little bankruptcy penalty selling muni bonds
Detroit News staff and wire reports Published 7:53 PM EST Dec 4, 2018 Luck was on Detroit’s side when it returned to the municipal bond market. A Treasury market rally, low supply and strong demand for high-yielding securities greeted the city when it sold $135 million of debt Tuesday, the first sale of bonds backed only by the city’s promise to repay since it filed a record-setting bankrupt five years ago. The conditions allowed Detroit to secure lower interest rates than initially expected, leaving it paying even less than some borrowers that haven’t reneged on their debts. Bonds were priced with yields ranging from 3.36 percent on a 2020 maturity to 4.95 on those due in 2038, tighter than what was first offered. The city also was able to increase the size of the deal from $111 million to $135 million, an indication of strong demand. “It’s a perfect recipe to come to market,” said Kathleen McNamara, senior municipal bond strategist at UBS … [Read more...] about Detroit sees little bankruptcy penalty selling muni bonds
Asian stocks fall after IMF downgrades economic outlook
Annabelle Liang, Associated Press Updated 11:42 pm PDT, Monday, October 8, 2018 An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Oct. 9, 2018. Asian markets are mixed after the IMF downgraded its economic outlook, citing rising interest rates and mounting tensions over trade. less An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Oct. 9, 2018. Asian markets are mixed after the IMF downgraded its economic ... more Photo: Yam G-Jun, AP An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Oct. 9, 2018. Asian markets are mixed after the IMF downgraded its economic outlook, citing rising interest rates and mounting tensions over trade. less An investor walks in front of private … [Read more...] about Asian stocks fall after IMF downgrades economic outlook
Top Insights on the Animal Feed Trace Minerals Market
LONDON--(BUSINESS WIRE)--May 21, 2018-- latest market research report on the provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. The report also offers an up-to-date analysis of the market concerning the current market scenario, latest trends and drivers, and the overall global environment.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180521005623/en/Technavio has published a new market research report on the global animal feed trace minerals market from 2018-2022. (Graphic: Business Wire)The will grow at a CAGR of approximately 6% during the forecast period, according to Technavio market research analysts. The rising consumption of meat is a major factor driving the growth of the animal feed trace minerals market. These minerals activate essential enzymes and hormones that are important for the metabolic processes in cattle. The use of trace minerals for improving … [Read more...] about Top Insights on the Animal Feed Trace Minerals Market
Top Insights on the Military Helicopter MRO Market| Technavio
LONDON--(BUSINESS WIRE)--May 11, 2018--Technavio’s latest market research report on the provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180511005700/en/Technavio has published a new market research report on the global military helicopter MRO market from 2018-2022. (Graphic: Business Wire)According to Technavio market research analysts, the will grow at a CAGR of over 3% during the forecast period. One of the key factors driving the market’s growth is joint ventures acting as strategic initiatives. The military helicopter industry has been witnessing strategic partnerships among several major firms to meet the demand for replacing aging helicopters with new and … [Read more...] about Top Insights on the Military Helicopter MRO Market| Technavio