Munis Firmer as FOMC Holds Rates Unchanged

Scarchilli, Michael; Posner, Matthew
March 2007
Bond Buyer;3/22/2007, Vol. 359 Issue 32592, p2
Trade Publication
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.


Related Articles

  • Municipals Continue Downward As FOMC Raises Target Fund Rate. Johnson, Anastasija; Curran, Bill // Bond Buyer;11/12/2004, Vol. 350 Issue 32009, p2 

    Reports on the results of municipal bond trading in the U.S. on November 10, 2004. Effect of the increase in the federal funds rate on the municipal bond market; Municipal bond yields; Major deals in the market.

  • Munis Flat in Moderate Trading; $592M of Pa. School Bonds Priced. Chesla, Nicholas; Johnson, Anastasija // Bond Buyer;8/13/2003, Vol. 345 Issue 31698, p2 

    Reports on status of municipal bonds in federal funds markets in the U.S. as of August 13, 2003. Issue price of the $592 million of lease revenue bonds of State Public School Building Authority in Philadelphia, Pennsylvania; Interest rate at which Morgan Stanley & Co. won $280 million of...

  • Greenspan: Markets Not Showing Weakness. Siegel, Gary E. // Bond Buyer;6/8/2005, Vol. 352 Issue 32149, p2 

    This article focuses on interest rates of municipal bonds. The decline of yields on long-term interest rates as the Federal Reserve Board increased its funds rate target by 200 basis points, while "clearly without recent precedent," does not necessarily signal a weak economy, Fed chairman Alan...

  • New bond issue expected to have 10-year average life. MARINO, JOHN // Caribbean Business;3/6/2014, Vol. 42 Issue 8, p2 

    The article discusses the impacts on the implementation of the government's plan to lend up to $3.5 billion through the general-obligation (GO) issue with an interest rate of 10 percent of 10-year average life in Puerto Rico. It mentions issue on hedge-fund investors and its traditional...

  • BACK TO BONDS? Stern, Linda // Newsweek;6/5/2006, Vol. 147 Issue 23, p64 

    The article presents some financial advice about bond investments. The author covers topics on municipal bonds, floating-rate bonds, diversified bond funds, and when to buy bonds. The author discusses bonds in light of the recent rise in interest rates. A website that discusses bond...

  • The Wall Street Business Model is Broken. BLACKMAN, IRVING L. // Modern Machine Shop;Mar2011, Vol. 83 Issue 10, p38 

    The article presents the author's views on Wall Street's current business model. According to the findings of a research on traditional conservative investments, like municipal bonds, the next economic bubble will break recently. Interest rates are at an historic low. It is stated that one can...

  • Long-Term Volume Hits $96.6B, Setting New First-Quarter Record. Walker, Susanne // Bond Buyer;4/1/2005, Vol. 352 Issue 32102, p1 

    The article reports that long-term municipal bonds hit $96.6 billion in 3,093 issues setting new first-quarter record. The expectations of higher rate increases convinced issuers to refund their bonds. A significant percentage of the total increase in the first quarter of 2005 came from...

  • Munis Unchanged in Slow Market. Posner, Matthew // Bond Buyer;12/27/2006, Vol. 358 Issue 32536, p2 

    The article presents an overview on the economic activity of the municipal bond market in the U.S. as of December 27, 2006. The yield on the benchmark 10-year Treasury note was quoted at 4.60% and the yield on the two-year note was quoted at 4.72%. The Federal Open Market Committee opted to hold...

  • All Indexes Rise This Week as Greenspan, Fed Remain Accommodative. Johnson, Matthew // Bond Buyer;6/17/2005, Vol. 352 Issue 32156, p6 

    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...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics