This yield comes with little risk of default, a concern for muni investors.
In 2011, the debt crisis in Europe stirred fears of sovereign defaults and concerns that financial contagion could spread to the United States.
Because Monday's default only concerned the legislature-backed PFC bonds, it appeared that the government was attempting to prioritize certain payments as it attempts to broker negotiations with its lenders.
The default principle concerning patents is that they should be available for any invention, whether product or process, in all fields of technology without discrimination[ 6].
At default time, rival projects (continuation, piecemeal liquidation, liquidation as a going concern …) may be undertaken.
It warned bluntly that it opposed plans for the "creeping use of such identifiers" in case they became a national ID system by default – a key concern raised by civil rights campaigners, privacy groups and opposition parties at Holyrood.
The agency's cash reserves have shrunk because of a sharp rise in borrower defaults, which raised concerns late last year that the F.H.A. could require a bailout if the market deteriorated further.
In addition to risking a downgrade and catastrophic default, we are concerned that in five or six months, the House will once again hold the economy captive and refuse to avoid another default unless we accept unbalanced, deep cuts to programs like Medicare and Social Security, without asking anything of the wealthiest Americans.
That diversification has helped Santander weather the collapse of Spain's real estate market better than most of its rivals — in particular savings banks whose exposure to rising mortgage defaults has fueled concerns that Spain might need international assistance to keep its banking sector afloat.
The possibility of a U.S. debt default has investors concerned, sending the markets lower on Wall Street today.
