Market Close: Munis Unch to Slightly Firmer at Close

NEW YORK – The municipal market was unchanged to slightly firmer today.

“It’s very quiet right now with a lot of people out on vacation,” a trader in New York said. “The market is kind of unchanged, maybe up a basis points on the cleaner names. There are some arbs out there trying to buy clean paper on the long end. The market is just kind of hanging in there.”

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

Calif. Market Close: Tax-Exempts Finish Flat to Slightly Firmer

NEW YORK – The California municipal market was unchanged to slightly firmer today.

“It was pretty quiet today, mostly unchanged on the whole, I’d say,” a trader in Los Angeles said. “But it felt a little better. Maybe we’re better a basis point in some spots.”

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 Unch to Slightly Firmer in Morning Trade

NEW YORK – The municipal market was unchanged to slightly firmer in morning trade.

“It’s very quiet right now with a lot of people out on vacation,” a trader in New York said. “The market is kind of unchanged, maybe up a basis points on the cleaner names. There are some arbs out there trying to buy clean paper on the long end. The market is just kind of hanging in there.”

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