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Wednesday July 02, 2008
Calif. Market Close: Munis Finish Firmer
The California municipal market was firmer by about three basis points today, in light to moderate trading.
“There’s not a whole lot going on, other than everybody looking forward to the weekend,” a trader in Los Angeles said. “The market is probably feeling a touch better, on lack of supply, good reinvestment demand, and 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] ( July 02, 2008 04:41 PM ) Permalink | Comments[0]
Market Close: Munis Finish Firmer
The municipal market was firmer by about three basis points today, in light to moderate trading.
“The market is a touch firmer, but it’s very quiet,” a trader in New York said. “You have unemployment data coming out tomorrow, so people are sitting on the sidelines.”
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] ( July 02, 2008 04:40 PM ) Permalink | Comments[0]
Market Post: Munis Slightly Firmer in Morning Trade
The municipal market was slightly firmer this morning.
“The market is a touch firmer, but it’s very quiet,” a trader in New York said. “You have unemployment data coming out tomorrow, so people are sitting on the sidelines.”
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] ( July 02, 2008 11:03 AM ) Permalink | Comments[0]