Calif. Market Close: Tax-Exempts Finish Slightly Firmer

The California municipal market was slightly firmer today. Traders said tax-exempt yields were flat to lower by two or three basis points overall.
“There was more activity on the short end than out long,” a trader in San Francisco said. “Short paper is probably better about four basis points on average, but overall, I’d call it about two, maybe three. Not quite as much going on out long.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com

Market Close: Munis Slightly Firmer

The municipal market was slightly firmer today. Traders said tax-exempt yields were flat to lower by two or three basis points.
“We’re a bit better right now, probably a good two or three basis points, maybe even a little more in some spots,” a trader in New York said. “The shorter [paper] is actually doing a little better right now than the [paper] out long. We also have a decent amount of supply coming this week, so we’ll see if the firmness holds through the week.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com

Market Post: Munis Slightly Firmer in Morning Trade

The municipal market was slightly firmer today. Traders said tax-exempt yields were flat to lower by two or three basis points.
“We’re a bit better right now, probably a good two or three basis points, maybe even a little more in some spots,” a trader in New York said. “The shorter [paper] is actually doing a little better right now than the [paper] out long. We also have a decent amount of supply coming this week, so we’ll see if the firmness holds through the week.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli-AT-sourcemedia-DOT-com