TITLE

Munis Little Changed Following Fed's 10th Consecutive Rate Hike

AUTHOR(S)
Johnson, Anastasija
PUB. DATE
August 2005
SOURCE
Bond Buyer;8/10/2005, Vol. 353 Issue 32193, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the municipal bond market has finished little changed after the U.S. Federal Reserve Board raised its target overnight lending rate for the 10th time since June 2005. Move of the Federal Open Market Committee to lift the federal funds rate by 25 basis points to 3.50 percent; Comment of policymakers about the recent strong economic data and tame inflation indicators; Contrast between the condition of the government bond market and municipal bond prices.
ACCESSION #
17904783

 

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