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Thursday August 14, 2008
Calif. Market Close: Tax-Exempts Finish Flat to Slightly Firmer
NEW YORK – The California municipal market was largely unchanged today, but with a slightly firmer tone.
“There’s a firmer tone, but not a lot of business,” a trader in Los Angeles added. “It’s hard for me to get with this marketplace, only from the standpoint that it seems to be two-sided. I don’t get it. It never seems like I’m doing any business, yet business is getting done out there. Most of the guys I’ve talked to don’t seem to be doing any business either. There’s always some going on, but this week it’s like they flipped a switch and said ‘we’re not buying this week.’ It’s kind of weird.”
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] ( August 14, 2008 04:00 PM ) Permalink | Comments[0]
Market Close: Munis Largely Unch, Firmer Tone at Close
NEW YORK – The municipal market was largely unchanged today, but with a slightly firmer tone.
“It’s somewhat quiet. We’re getting a few hits on the short end, but not much more than that,” a trader in New York said. “I don’t think anyone is really marking their bonds, but it’s not exactly going cheaper either. I’d say we’re about flat.”
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] ( August 14, 2008 04:00 PM ) Permalink | Comments[0]
Market Post: Munis Largely Unch in Morning Trade
The municipal market was largely unchanged this morning.
“It’s somewhat quiet. We’re getting a few hits on the short end, but not much more than that,” a trader in New York said. “I don’t think anyone is really marking their bonds, but it’s not exactly going cheaper either. I’d say we’re about flat.”
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 14, 2008 11:05 AM ) Permalink | Comments[0]