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North Nevada default hurts only bond investors

While a default on $55 million in revenue bonds to pay for infrastructure at University Village Colorado doesn’t seem to come with many consequences, there likely will be some cleanup required. When the Colorado Springs Urban Renewal Authority announced last December that it wouldn’t be able to make the minimum payment on one of two… Continue Reading North Nevada default hurts only bond investors

Springs Utilities to offer revenue bonds

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Colorado Springs Utilities will offer $153.3 million in series 2012C bonds to individuals and other investors Sept. 12, according to a press release. The majority of the bonds – about $110.6 million – will be used to refinance outstanding debt at lower interest rates, and the remaining $42.7 million will help finance utility system expansion… Continue Reading Springs Utilities to offer revenue bonds

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Surging stock prices in October weren’t enough to entice mutual fund investors back into the market. Instead, bonds continued to hold appeal. Investors withdrew a net $17.6 billion from stock mutual funds last month, industry consultant Strategic Insight said on Friday. It was the sixth consecutive month of net withdrawals, which total $97 billion over… Continue Reading Investors exit stock funds, shift to bonds in Oct.

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Level 3 to sell $300 million worth of bonds

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Level 3 Communications Inc. plans to sell $300 million worth of new bonds, the company said Tuesday, using the cash to pay back debt coming due this year. Level 3, which provides the type of Internet infrastructure that helps deliver Netflix Inc.’s popular streaming movie service, said the new notes will come due in 2019.… Continue Reading Level 3 to sell $300 million worth of bonds

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Three bad alternatives to the market

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Despite the stock market showing some signs of life during the past month (the fastest bull market since 1938), investors are exploring new ways to build wealth. Interest in stocks and real estate has cooled to say the least, while high-yield bonds, gold and annuities are on fire. Let’s look at each. High-yield bonds With… Continue Reading Three bad alternatives to the market

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