Munis Firm as Participants Prepare For FOMC Interest Rate Decision

Curran, Bill; Johnson, Anastasija
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p2
Trade Publication
This article informs that the municipal market was firm but little changed as buyers showed continued demand but tax-exempts received scant direction from Treasuries ahead of the Federal Reserve's interest rate policy decision. Traders said light supply helped the secondary and that intermediate-dated bonds outperformed. The serial range became relatively attractive as the yield curve flattened In recent months and spreads between intermediate and long maturities compressed.


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