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Tuesday August 05, 2008
Market Close: Munis Largely Unch; FOMC Holds Fed Funds at 2%
The municipal market was largely unchanged today, and the Federal Open Market Committee left the federal funds rate target unchanged at its monetary policy meeting.
Traders said the Fed’s decision was in line with expectations, and had little impact on secondary market trading.
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] ( August 05, 2008 04:40 PM ) Permalink | Comments[0]
GFOA 2008 Memories
Did you enjoy this year's GFOA Annual Meeting in Fort Lauderdale? Click here to visit our photo gallery and relive some of the more exciting moments from the committee meetings, exhibit hall, and welcoming reception.
See anyone you know? Want to share a memory? Please leave your comments below -- remember: Anonymous responses are always allowed.
-- Mike Stanton, Publisher
Posted by bondbuyer [Today's BB Highlights] ( August 05, 2008 02:26 PM ) Permalink | Comments[0]
Market Post: Munis Largely Unch Ahead of FOMC
The municipal market was largely unchanged today, as market participants await the Federal Open Market Committee’s decision on interest rates, expected later this afternoon.
“It’s still quiet, but I think it’s firmer if you have a good credit,” a trader in New Jersey said. “Off the beaten path, it’s a little bit more dicey. There’s just becoming a bigger difference between legitimate high grade and non-legitimate high grade.”
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] ( August 05, 2008 11:17 AM ) Permalink | Comments[0]