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Friday July 25, 2008
Market Post: Munis Unch to Slightly Weaker in Morning Trade
The municipal market was unchanged to slightly weaker this morning.
“Munis are largely unchanged to maybe slightly weaker on the long end, in sympathy with Treasuries, but there hasn’t been a lot of trading so far,” a trader in New York said. “If we see a rally on the stock market based on economic news we may see some pressure on Treasuries. But if it just stays muted like this, we may just ride off into the weekend unchanged.”
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Posted by gsiegel [Today's BB Highlights] ( July 25, 2008 10:55 AM ) Permalink | Comments[0]