TITLE

Munis Firm as Participants Prepare For FOMC Interest Rate Decision

AUTHOR(S)
Curran, Bill; Johnson, Anastasija
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
15909900

 

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