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Friday July 11, 2008
Market Post: Munis Slightly Firmer in Afternoon Trade
The municipal market was slightly weaker this afternoon.
“We’re off a smidge, but not as much as Treasuries, they’ve got the hammerlock on them right now,” a trader in Chicago said. “We got decoupled from Treasuries a bit back, and got cheaper and cheaper, so now if they’re off, we’re not going to be off as much.”
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] ( July 11, 2008 01:56 PM ) Permalink | Comments[0]
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