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Wednesday November 05, 2008
Market Close: Munis Firmer at Close
NEW YORK – The municipal market was firmer by today, following Treasuries.
Traders said tax-exempt yields were lower by three or four basis points.
To read the column in its entirety, go to The Bond Buyer web site.Michael.Scarchilli-AT-sourcemedia-DOT-com
Posted by bondbuyer [Today's BB Highlights] ( November 05, 2008 04:29 PM ) Permalink | Comments[0]
Calif. Market Close: Tax-Exempts Finish Firmer
NEW YORK – The California municipal market was firmer by today, following Treasuries.
Traders said tax-exempt yields were lower by three or four basis points.
To read the column in its entirety, go to The Bond Buyer web site.Michael.Scarchilli-AT-sourcemedia-DOT-com
Posted by bondbuyer [Today's BB Highlights] ( November 05, 2008 04:28 PM ) Permalink | Comments[0]
Market Post: Munis Slightly Firmer in Morning Trade
The municipal market was firmer by two or three basis points this morning, following Treasuries.
“It’s on the quiet side, in terms of trading, but it’s definitely firmer,” a trader in New York said. “We’re up a solid two or three basis points, maybe a little bit more out long. Treasuries are up a bit, and I think there’s a feeling Obama is going to be better for munis than McCain would have been, so there’s that too. But I don’t think that’s coming into play much right now.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com
Posted by gsiegel [Today's BB Highlights] ( November 05, 2008 11:39 AM ) Permalink | Comments[0]