District U46 looks at zero-interest bonds to address maintenance issues
School District U46 board members heard for the first time Monday night about a "zero interest" bond opportunity that could help the district mitigate its leaking cooling towers, calcified pipes and other seemingly endless maintenance issues found in …
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US Junk-Bond Storm: Picking Through the Wreckage
The U.S. high-yield bond market has come to represent the sum of all fears for investors. A poisonous combination of misallocated capital, restricted liquidity and declining commodities is hammering returns. But under the hood, the state of the market …
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Junk Bond Fund That Barred Investors Reaches SEC Deal
The fund's portfolio is made up of hard-to-sell corporate bonds either in bankruptcy or emerging from it, making it impossible for portfolio managers to meet mounting redemption demands. As a result of the agreement, the remaining assets of the Focused …
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