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Thursday September 25, 2008
Calif. Market Close: Tax-Exempts Finish Weaker
NEW YORK – The California municipal market was weaker today. Traders said tax-exempt yields were higher by three to five basis points.
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] ( September 25, 2008 04:00 PM ) Permalink | Comments[0]
Market Post: Munis Unch in Morning Trade
The municipal market was mostly unchanged this morning.
“So far we’re probably unchanged or just off a basis point, in very limited trading, but recently it seems like it’s always quiet in the morning, before falling out by lunchtime,” a trader in New Jersey said. “People are just trying to see how things shake out with the buyout plan. People are just being more cautious now. There are bonds on the street, but it seems like every time you buy them, they start trading cheaper. It seems as though people feel like this isn’t the bottom.”
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] ( September 25, 2008 11:21 AM ) Permalink | Comments[0]