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Tuesday July 15, 2008
Market Close: Munis End Firmer
The municipal market was firmer by about three basis points today, following Treasury gains, as a $1.1 billion deal for New York’s Triborough Bridge and Tunnel Authority came to market.
“There’s been a good amount of action in the shorter end, primarily within about five years, and after that, it is sort of catch-as-catch-can,” a trader in Los Angeles said. “There’s not as much activity as I’d like to see in the intermediate and longer end.”
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Posted by gsiegel [Today's BB Highlights] ( July 15, 2008 04:25 PM ) Permalink | Comments[0]