The dominant theme of the first quarter was refinancing. Of the almost $100 billion in long-term, fixed-rate bonds sold by states and municipalities during the first quarter of 2015, refundings accounted for 70 percent. This remarkable proportion puts the market on track to beat the 1993 record, when 67 percent of all municipal financing was refinancing, according to Bank of America Merrill Lynch. What makes this unlikely is the direction of interest rates. In 1993, rates were on a downward slope.
Municipalities sold more debt as investors were buying less, pushing high-yield muni bond returns down in June to the lowest since the Bank of America Merrill Lynch U.S. Municipal High-Yield Securities Index began in 2010.Issuers Selling More DebtInvestors Are Withdrawing From High-Yield Muni FundsMore Supply, Less Demand Means Poor ReturnsClick the chart to launch an Interactive StoryChart
This was the summer of the Great Debate. Are constitutional guarantees and bond security provisions ironclad promises or just a bundle of legal niceties superseded by financial reality? At the end of June, Governor Alejandro Garcia Padilla announced on the front page of The New York Times that Puerto Rico's $72 billion debt was "not payable.'' This was shocking but not surprising.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Musk AND Zuckerberg or Musk + Zuckerberg.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used). For example, results will contain either cake or cookie by searching cake OR cookie or cake,cookie
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".