Category Archives: Bond Insurance
Ohio SR22 Bond FAQ’s: Things You MUST Be Aware of Before Buying
Q: what is an SR22 bond and how is it different from regular car insurance
Fitch Rates Massachusetts HFA’s $57.5MM Housing Bonds 2011 A&B ‘AA-’; Outlook Stable
NEW YORK, Oct 25, 2011 (BUSINESS WIRE) –Fitch Ratings assigns an ‘AA-’ rating to the following series of Massachusetts Housing Finance Agency’s (HFA or MassHousing) bonds:
–$53,830,000 housing bonds, 2011 series a
–$3,650,000 housing bonds 2011 series B
the bonds are expected to be sold the week of October 24, 2011 and close on or about Nov. 3, 2011.
Bond Markets Are Still Skeptics
BY TOM LAURICELLA
as expectations for this weekend’s European summit get scaled back, the European bond market can say, “I told you so.”
for much of October, hopes that European officials were finally working toward a comprehensive solution to the nearly two-year-old crisis has fueled rallies in stocks, the euro and other assets at the riskier end of the investing spectrum.
The pitfalls of official first-loss bond insurance
Imagine you own a house next to a nuclear reactor and you’re offered insurance. The contract compensates you for the first 20% of your losses if the reactor melts down. Would you sleep much better with such insurance?
North Ridgeville schools consider increasing treasurer’s bond
NORTH RIDGEVILLE - the school board is considering increasing the treasurer’s bond in response to recommendations from state auditors.
The board, during a Nov. 1 work session, expressed an interest in increasing the bond to $60,000 from its current $25,000. the move would take effect in January, if approved at the Nov. 22 regular board meeting.
The market uncertainty limited the leverage of the European Rescue Fund
The market turmoil in Europe last week impede the expansion of the Eurozone bailout fund (EFSF) from 440 billion to 1 trillion EUR states Klaus Regling, the CEO of the Fund. The investors shun bonds massive debt difficulties examiners countries. so it will probably be more expensive for borrowers to be lured back by insurance against potential losses, which are a key element of the agreed on 26 October in Brussels plan, said Regling. The fears of the head of EFSF illustrate the difficulties that Europe is suffering from tackling the debt crisis.“The political turmoil in which we have witnessed in recent days may have reduced the potential of our leverage”, said Regling. “It has always been ambitious to reach 1 trillion EUR. but nevertheless, I do not exclude”. The European Commission (EC) sharply lowered its forecast for Eurozone growth next year to 0.5% from 1.8%. Slowing the growth of Chinese exports to Europe in October and sales of Asian stock markets illustrate the global impact of European crisis. The programme of the European rescue fund to ensure the objectives of government bonds in the fund with the remaining 250 billion USD to underwrite bonds for 4-5 times the amount. thus the effect of the fund will grow fold option monies to be used for direct purchase of securities.Regling indicates that panic gripped markets means that guarantees investors will need to be higher and the fund will likely be extended until 3 to 4 times. using the drying up of resources for EFSF bond insurance is a key element of the plan to build a “firewall” to protect the European banking sector and countries like Italy by storm in Greece. one of the two options discussed – a plan that in the words of officials from Brussels has received the widest support – is the owners of Italian government bonds to be insured against any part of their losses. Brussels is hoping the new investors are attracted by guaranteeing 20% of potential losses. now, markets are likely to seek up to 30%, which limits the size of the fund to 800 billion.Regling said he believed the credibility of European bond markets will return, especially since the political situation in Greece and Italy are calm. He hopes that the fund will nevertheless be able to generate 1 billion USD.“for the moment, the potential leverage of the fund is less than 3 weeks ago we hoped”, he said. “My expectations are that the situation will improve as we have a new government in Greece and this certainly helps”. The next character for the Italian bond market auction is scheduled for November 14 (Monday). Regling, however indicating that it is willing to use the resources of the fund for direct intervention now, before the project to increase the leverage of EFSF be completed next month. The problem, he says, lies in the fact that such a move would bridge the remaining 250 billion USD.“Most analysts agree that you must increase your leverage to enable the firewall, which is trying to build a convincing look”, he said. “We are not inclined to intervene next week because we do not have the necessary leverage”.
Investors Won’t Trust Europe’s Bond-Insurance Plan, M&G Says
October 18, 2011, 10:41 AM EDT
by Paul Dobson
(Adds comments from Brockhouse & Cooper, Goldman Sachs, starting in third paragraph.)
Oct. 18 (Bloomberg) — Investors are unlikely to trust a plan to use the euro region’s bailout fund to insure bonds from euro-area nations because they doubt it could be called upon when needed, M&G Investments said.
Bill Would Require $500 Million Bond for Oil Pipelines
Font Size:
It’s essentially a $500 million insurance policy for the state of Nebraska. Lincoln Senator Bill Avery’s bill would apply only to oil pipelines in the state.
Some say the high bond is invaluable.
Amy Schaffer testified at the hearing on Wednesday. she told senators on the Natural Resources Committee, “Think of it as our water is gold, that’s what it is. That’s what makes our state.”
Why Italy’s Yield Spike May Spread
World stocks plunged Wednesday after Italy’s 10-year government bond yield jumped to 7.4%. Ordinary savers might wonder what one has to do with the other.
