Calif. Market Close: Tax-Exempts Finish Slightly Weaker

NEW YORK – The California municipal market was weaker by one or two basis points today, mostly holding off a sell-off in the Treasury market prompted by concern over whether or not the government will intervene to shore up confidence in troubled Fannie Mae and Freddie Mac.

 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

Market Close: Munis Slightly Weaker at Close

NEW YORK – The municipal market was weaker by one or two basis points today, mostly holding off a sell-off in the Treasury market prompted by concern over whether or not the government will intervene to shore up confidence in troubled Fannie Mae and Freddie Mac.

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

Market Post: Munis Slightly Firmer in Afternoon Trade

The municipal market was slightly weaker this afternoon.
“We’re off a smidge, but not as much as Treasuries, they’ve got the hammerlock on them right now,” a trader in Chicago said. “We got decoupled from Treasuries a bit back, and got cheaper and cheaper, so now if they’re off, we’re not going to be off as much.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com

Market Post: Munis Slightly Firmer in Morning Trade

The municipal market was slightly firmer this morning.
“The market’s a lit bit firmer,” a trader in New York said. “For the state GOs and high-grade paper, it’s definitely firmer. For stuff like Ambac- and MBIA-wrapped paper, it’s a different story.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com