TITLE

All Indexes Rise This Week as Greenspan, Fed Remain Accommodative

AUTHOR(S)
Johnson, Matthew
PUB. DATE
June 2005
SOURCE
Bond Buyer;6/17/2005, Vol. 352 Issue 32156, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the rise of the Bond Buyer's yield indexes in the United States. The index rose consistently after the Federal Reserve chairman Alan Greesnspan said that federal interest rate policy remains accommodative, which instigated a sell-off in the fixed-income markets and led municipals to lose much of the ground they had made over the last couple of weeks. While relative values between Treasuries and municipal bonds fell, arbitrage buyers became less active and other participants did not adequately fill the void.
ACCESSION #
17358337

 

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