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Thursday July 17, 2008
Market Post: Munis Unch, Weaker Tone in Morning Trade
The municipal market was unchanged with a slightly weaker tone this morning.
Trades reported to the Municipal Securities Rulemaking Board were mixed. Bonds from an interdealer trade of Kansas City, Mo., 5s of 2027 yielded 4.48%, down two basis points from yesterday. Bonds from an interdealer trade of insured Cypress-Fairbanks Independent School, Texas, 5s of 2035, yielded 4.80%, up four basis points from yesterday. Bonds from an interdealer trade of Charlotte-Mecklenburg Hospital Authority 5s of 2047 yielded 5.15%, unchanged from yesterday.
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] ( July 17, 2008 10:55 AM ) Permalink | Comments[0]