8/7/2019 Morning News Notes: 2011-03-09

1/2

Wednesday, March 09, 2011

Muni market enters deep freeze according to the WSJ total muni bond issuance is on pace to

be the lowest for any Q in the last 11 years. Through Mar 4, muni debt issuance has totaled only

$31.5B. The lack of supply is harming liquidity. Some worry about local government spending plans

getting delayed. WSJ

Saudi bond markets likely OK says S&P and Moodys according to remarks from S&P andMoodys, Saudi Arabian bonds probably will shrug off the political turmoil in North Africa and the Middle

East that drove yields in neighboring economies higher Bloomberg

Saudi Day of Rage postponed due to poor participation according to a UPI report, protesters

in Saudi Arabia have rescheduled their Day of Range after a smaller -than-expected number or people

turned out Mon. Organizers had planned four days of protests leading up to this Friday in towns with

anti-monarchical traditions, the Web site said. The plan was to build momentum and mount protests in

the capital, Riyadh, Friday that would get the rest of Saudi Arabia on board with the protesters. UPI

The Gulf Cooperation Council (GCC) may discuss providing economic aid to Bahrain and Oman.

GCC officials will meet in Rihyad on Thurs to discuss an aid package for Bahrain and Oman. Bloomberg

OPEC sees no need at present to hold an emergency meeting to discuss raising its oil output, anOPEC delegate said on Wednesday following informal consultations among members. Reuters

Libya the US is starting to fear that the country could be about to enter a protracted

stalemate, w/Qadaffi having solidified control over Tripoli and certain western areas while the rebels

controlled eastern regions. The White House is reviewing its options in terms of intervening in the

country and has started to talk to Western allies. WSJ

http://on.wsj.com/fCeQOIhttp://on.wsj.com/fCeQOIhttp://on.wsj.com/fCeQOIhttp://www.bloomberg.com/http://www.bloomberg.com/http://www.bloomberg.com/http://www.upi.com/Top_News/World-News/2011/03/07/Saudi-Day-of-Rage-protests-postponed/UPI-86891299508589/http://www.upi.com/Top_News/World-News/2011/03/07/Saudi-Day-of-Rage-protests-postponed/UPI-86891299508589/http://www.upi.com/Top_News/World-News/2011/03/07/Saudi-Day-of-Rage-protests-postponed/UPI-86891299508589/http://bloom.bg/hVTSDVhttp://bloom.bg/hVTSDVhttp://on.wsj.com/ib0eOThttp://on.wsj.com/ib0eOThttp://on.wsj.com/ib0eOThttp://on.wsj.com/ib0eOThttp://bloom.bg/hVTSDVhttp://www.upi.com/Top_News/World-News/2011/03/07/Saudi-Day-of-Rage-protests-postponed/UPI-86891299508589/http://www.bloomberg.com/http://on.wsj.com/fCeQOI

8/7/2019 Morning News Notes: 2011-03-09

2/2

There are more indications that the upcoming Mar Eurozone debt summits may disappoint -Eurozone officials continue to downplay expectations for the Mar summits. DJ had another article Tues

(citing European sources) mentioning how market expectations could wind up being disappointed

apparently, peripheral countries are giving less ground on the competitiveness pact and Germany

therefore isnt willing to strengthen EFSF as much as some would like. Reuters/DJ

Greece Unemployment rate rose to 14.8% in Dec, nearly a full % higher than Novs 13.9% rate.

Young people were the hardest hit w/the unemployment rate for those 15-24 rising to 39% from 28.9%.

Bloomberg

http://www.bloomberg.com/http://www.bloomberg.com/http://www.bloomberg.com/