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Wednesday July 23, 2008
Calif. Market Close: Tax-Exempts Finish Weaker
NEW YORK – The California municipal market was weaker today, following 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 bondbuyer [Today's BB Highlights] ( July 23, 2008 04:00 PM ) Permalink | Comments[0]
Market Close: Munis Weaker at Close
NEW YORK – The municipal market was weaker today, following 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 bondbuyer [Today's BB Highlights] ( July 23, 2008 04:00 PM ) Permalink | Comments[0]
Market Post: Munis Slightly Weaker in Afternoon Trade
The municipal market was weaker today, following Treasuries. Traders said tax-exempt yields were lower by about three basis points.
“The market is still struggling with the FSA/Assured issue,” a trader in Chicago said. “Like a sports figure or politician, it’s now ‘guilty until proven innocent’ instead of ‘innocent until proven guilty.’ ”
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 23, 2008 01:53 PM ) Permalink | Comments[0]
Market Post: Munis Slightly Weaker in Morning Trade
The municipal market was slightly weaker this morning, following Treasuries.
“It feels better than it did yesterday,” a trader in New York said. “It looked like the end of the world yesterday, but there’s actually business going on today. There was business going on yesterday, but it was at a very distressed level. We might be off a little bit because Treasuries are off a little bit, but I don’t think we’re underperforming Treasuries today.”
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 23, 2008 10:57 AM ) Permalink | Comments[0]