Muni Yields Fall 1-2 Basis Points; Issuers Bring $730M in New Loans

Chesla, Nicholas; Johnson, Anastasija
June 2003
Bond Buyer;6/13/2003, Vol. 344 Issue 31656, p2
Trade Publication
Municipal bond yields fell one or two basis points on June 12, 2003 reflecting firmness in the Treasury market, while issuers brought more than 730 million dollars worth of major loans. Governments rose and subsequently extended their gains as Federal Home Loan Mortgage Corp. bought back 4.88 billion dollars of its own securities and investors bought U.S. debt. On the economic front, May retail sales rose 0.1 percent, compared to a revised 0.3 percent drop in April, while excluding autos, May retail sales also increased 0.1 percent.


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