TITLE

Munis Slightly Firmer as Fed Leaves Rates Unchanged

AUTHOR(S)
Scarchilli, Michael; Posner, Matthew
PUB. DATE
December 2006
SOURCE
Bond Buyer;12/13/2006, Vol. 358 Issue 32527, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the performance of the municipal market in December 12, 2006 in the U.S. The market was slightly firmer during the day, as tax-exempt bonds followed Treasury yields declined after the federal funds rate was held once again at 5.25 percent by the Federal Reserve policymakers. Additionally, the Treasury market has showed mild gains, with 10-year Treasury note opened at 4.52 percent was quoted at 4.5 percent.
ACCESSION #
23496860

 

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