Municipal Bond News & Insight

• Most Issuers Expected to Cope Well in Uncertain Times

Despite upheaval in the financial markets, most state and local governments are expected to meet their debt service obligations and continue to have a low risk of default, according to a study by Standard & Poors.

• Barron's, Others Note Unusual Value in Munis

We've been saying for months that municipal bonds are trading at historically low prices and extraordinary yields. Others are taking notice, too.

• What Mark to Market Means to You

What is mark to market accounting? Why is everyone talking about it? Why does Congress want to eliminate it? What does it have to do with my municipal bond market values?

• Main Street Gas Bonds and Lehman Bankruptcy

The Main Street Natural Gas, Inc. (Main Street) Gas Project Revenue Bonds, Series 2008A, which were investment grade rated when purchased, appear subject to the bankruptcy of Lehman Brothers Holdings, Inc. (LBHI).

• The Bond Buyer: S&P Drops Rating on Main Street Gas Bonds

Standard & Poor's dropped its rating on Main Street Natural Gas Inc. Series 2008A project gas revenue bonds to default level, The Bond Buyer reported. The newspaper said bondholders could be left as unsecured creditors in Lehman Brothers Holdings Inc. Chapter 11 bankruptcy proceedings.