Calif. Market Close: Tax-Exempts Finish Firmer

The California municipal market was firmer by about three basis points today, following Treasury gains.
“There’s been a good amount of action in the shorter end, primarily within about five years, and after that, it is sort of catch-as-catch-can,” a trader in Los Angeles said. “There’s not as much activity as I’d like to see in the intermediate and longer end.”
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 End Firmer

The municipal market was firmer by about three basis points today, following Treasury gains, as a $1.1 billion deal for New York’s Triborough Bridge and Tunnel Authority came to market.
“There’s been a good amount of action in the shorter end, primarily within about five years, and after that, it is sort of catch-as-catch-can,” a trader in Los Angeles said. “There’s not as much activity as I’d like to see in the intermediate and longer end.”
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 Firmer in Afternoon Trade

The municipal market was firmer by about three basis points today, following Treasury gains.
“I think we were quite a bit stronger this morning, but I think we’re losing some of our steam here with Treasuries clearly off their highs,” a trader in Chicago said. “Earlier I thought we were up quite a bit, especially in the short-end where there were some really big trades, but I see a lot people backing away from the market now. The volume has picked up a bit. This morning it was kind of quiet and the focus was still on the new issues. It’s picked up, but I still do think there are a lot of people 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

Market Post: Munis Firmer in Morning Trade

The municipal market was firmer by about two or three basis points this morning, following Treasury gains.
“It’s quiet, we’re probably up a bit because of Treasuries, but certainly not as much as they are,” a trader in New York said. “There seems to be more sellers than yesterday, though.”
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