TITLE

Munis Firmer as FOMC Holds Rates Unchanged

AUTHOR(S)
Scarchilli, Michael; Posner, Matthew
PUB. DATE
March 2007
SOURCE
Bond Buyer;3/22/2007, Vol. 359 Issue 32592, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides updates concerning municipal bond market in the U.S. for March 2007. In March 21, the municipal market was slightly firmer after the Federal Open Market Committee (FOMC) held interest rates unchanged, but altered some language in its statement that market participants read as indicating an end to its tightening bias. The FOMC held 5.25% of federal funds rate, the same increase rate it had in June 2007.
ACCESSION #
24520222

 

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