Illinois' $500 mln bond sale gets boost from yield hunters [Reuters]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: Reuters
Illinois' $500 mln bond sale gets boost from yield hunters | Reuters Reuters Staff 3 Min Read CHICAGO, April 25 (Reuters) - Investors seeking hefty yields helped Illinois’ $500 million bond sale on Wednesday result in narrower spreads over the municipal market’s benchmark scale. Yields topped out at 4.88 percent for bonds due in 2043 in the two-part general obligation bond competitive sale won by Bank of America Merrill Lynch. “It’s just a lot of money looking for yield,” said John Mousseau, fixed-income director at Cumberland Advisors. As the lowest-rated U.S. state, Illinois has had to pay a substantial penalty to sell debt to investors worried about its ongoing political and financial problems which include a huge unfunded pension liability and chronic budget deficits. Spreads over Municipal Market Data’s (MMD) benchmark triple-A yield scale narrowed roughly 3 to 15 basis points from where the state’s bonds had been trading in the secondary market, according to MMD, a unit of Thoms
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- 3 smart HELOC refinancing strategies, according to experts [CBS News]CBS News
- Small-cap Opportunity in 24' (Watch these 5 Catalysts) [Yahoo! Finance]Yahoo! Finance
- New Bank of America platform connects small businesses with CDFIs [Yahoo! Finance]Yahoo! Finance
- North American Warehouse Automation Market Projected to Double by 2029 [Yahoo! Finance]Yahoo! Finance
- Bank of America Wins Dismissal of Iranian Discrimination Claims [BNN Bloomberg (Canada)]BNN Bloomberg
BAC
Earnings
- 1/12/24 - Miss
BAC
Sec Filings
- 3/28/24 - Form 424B3
- 3/28/24 - Form 424B3
- 3/28/24 - Form 424B3
- BAC's page on the SEC website