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Thursday November 20, 2008
Market Post: Munis Slightly Firmer in Morning Trade
The municipal market was slightly firmer this morning, lagging behind a sizeable rally in the Treasury market.
“We are definitely a bit firmer, but not quite in line with what we’re seeing across the board in Treasuries,” a trader in New York said. “You are seeing significant gains in Treasuries, but tax-exempts are maybe better a basis point or two.”
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] ( November 20, 2008 11:30 AM ) Permalink | Comments[0]
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