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Monday June 02, 2008
Calif. Market Close: Tax-Exempts Finish Firmer
The California municipal market was firmer today.
“The cash market seems to be rallying quite smartly, in sympathy to the Treasury rally,” a trader in San Francisco said. “There seems to be some decent retail interest. I’d say we’re better by about three basis points.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com
Jack.Herman-AT-sourcemedia-DOT-com
Posted by gsiegel [Today's BB Highlights] ( June 02, 2008 04:36 PM ) Permalink | Comments[0]
Market Close: Munis End Firmer
The municipal market was firmer today.
“It’s a little quiet, but better by about three or four basis points,” a trader in New York said. “I think it’s up because Treasuries are up, and that’s because stocks are down. I wouldn’t dispute there’s new reinvestment money out there because of huge June coupon payments, but I think it’s mostly moving in concert with Treasuries.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com
Jack.Herman-AT-sourcemedia-DOT-com
Posted by gsiegel [Today's BB Highlights] ( June 02, 2008 04:28 PM ) Permalink | Comments[0]
Market Post: Munis Unch in Afternoon Trade
The municipal market was largely unchanged today.
“It’s very quiet, very quiet. There’s a lot of economic data coming, culminating with the job data at the end of the week,” a trader in New York said. “We broke a significant range last week with 4% on the 10-year [Treasury note]. I think everybody’s looking for a little direction from the Treasury market.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com
Jack.Herman-AT-sourcemedia-DOT-com
Posted by gsiegel [Today's BB Highlights] ( June 02, 2008 01:40 PM ) Permalink | Comments[0]
Market Post: Munis Unch in Morning Trade
The municipal market was largely unchanged this morning.
“It’s very quiet, very quiet. There’s a lot of economic data coming, culminating with the job data at the end of the week,” a trader in New York said. “We broke a significant range last week with 4% on the 10-year [Treasury note]. I think everybody’s looking for a little direction from the Treasury market.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com
Jack.Herman-AT-sourcemedia-DOT-com
Posted by gsiegel [Today's BB Highlights] ( June 02, 2008 11:02 AM ) Permalink | Comments[0]