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Tuesday August 26, 2008
Calif. Market Close: Tax-Exempts Finish Slightly Weaker
The California municipal market was slightly weaker today, following Treasuries.
“There’s a lot of noise, but not a lot of action,” a trader in Los Angeles said. “There’s a lot of bids-wanteds. I think after the close today, people are really going to start winding down for the weekend.”
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 26, 2008 04:34 PM ) Permalink | Comments[0]
Market Close: Munis Slightly Weaker
The municipal market was slightly weaker today, following Treasuries.
“We’re probably not off more than a basis point or two,” a trader in New Jersey said. “It just feels worse because there’s a lot of people on vacation, so there are not many bids.”
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 26, 2008 04:32 PM ) Permalink | Comments[0]
Market Post: Munis Slightly Weaker in Morning Trade
The municipal market was slightly weaker this morning, following Treasuries.
“We’re probably not off more than a basis point or two,” a trader in New Jersey said. “It just feels worse because there’s a lot of people on vacation, so there are not many bids.”
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 26, 2008 10:53 AM ) Permalink | Comments[0]