N.J., N.Y. Price $1.3B in Road Debt As Cach Bonds, Treasuries Weaken

Chesla, Nicholas; Johnson, Anastasija
June 2003
Bond Buyer;6/27/2003, Vol. 344 Issue 31666, p2
Trade Publication
The New Jersey Turnpike Authority and New York State Thruway Authority brought more than $1.3 billion in new issues to market yesterday, while cash bonds weakened and Treasuries registered losses for the second consecutive session. Decline in government securities continues following the decision by the Federal Reserve to reduce its federal funds rate by 25 basis points to 1%. Meanwhile, initial jobless claims for the week ended June 21, 2003 fell 22,000 to 404,000 while final first quarter gross domestic product rose by 1.4%, revised down from the preliminary reading of 1.9%. Richard Hoey, chief economist at Dreyfus Corp., said a downward revision in first quarter gross domestic product did not suggest any increased weakness in the U.S. economy. Bonds due in 2019, 2024, 2025, and 2027 were insured by Financial Guaranty Insurance Co., while bonds due in 2020 through 2023 were insured by Financial Security Assurance.


Related Articles

  • The euro will survive in some form, says BNY Mellon chief economist. Brennan, Henry // Fundweb;5/31/2012, p4 

    The article reports that according to Richard Hoey, chief economist at Bank of New York Mellon Corp., European countries will agree to slow the pace of fiscal austerity down, with further easing actions from the European Central Bank. Hoey is positive on the outlook for the U.S., forecasting 1%...

  • Munis Drop 3 to 5 Basis Points; Treasuries Rise on Favorable Data. Chesla, Nicholas; Johnson, Anastasija // Bond Buyer;8/29/2003, Vol. 345 Issue 31709, p2 

    Reports that municipal bond yields dropped down by three and five basis points on August 28, 2003 in light to moderate trading boosted by treasury bills which continued to gain upward momentum as the session progressed. Impact of the increase in first time applications for unemployment...

  • MARKET SNAPSHOT: Monday, March 22.  // Bond Buyer;3/22/2004, Vol. 347 Issue 31846, p2 

    Presents a chart showing municipal bond deals and economic indicators in the U.S. on March 22, 2004. Names of issuers, lead underwriters, structures and pricing dates; Indicators, such as gross domestic product and durable goods; Government securities prices; Municipal bond index.

  • Munis Rise as Treasuries Climb On Lower-Than-Expected GDP. Chesla, Nicholas // Bond Buyer;8/2/2004, Vol. 349 Issue 31938, p2 

    Reports developments related to municipal bonds in the bond market in the U.S. as of August 2, 2004. Improvement in the Treasuries; Growth in the advance second-quarter gross domestic product; Role of the decline in consumption spending on the second-quarter growth rate.

  • Lebanese Debt: No Higher Trading Range Yet.  // Emerging Markets Monitor;8/29/2005, Vol. 11 Issue 20, p21 

    Presents an update on Lebanese debt as of August 2005. Events in Lebanese politics currently affecting the currency; Percentage of public debt in the gross domestic product; Decline in net foreign assets.

  • Most Bond Buyer Indexes Finish Lower This Week as New Issuance Slows Down. Jobnson, Matthew // Bond Buyer;4/29/2005, Vol. 352 Issue 32122, p60 

    The article reports that most of "The Bond Buyer" yield indexes finished lower as the muni market experienced somewhat of a respite in new issuance and indicators pointed to slowing economic growth. John Canavan, debt strategist with Stone & McCarthy Research in Prineeton New Jersey said that in...

  • Gross Domestic Product. Kosarev, A.; Ponomarenko, A. // Problems of Economic Transition;Oct96, Vol. 39 Issue 6, p55 

    Focuses on the gross domestic product (GDP) of Russia in 1996. Decline in the real volume of GDP since 1995; Methods for calculation of GDP; Relationship between reduction of real GDP and decline in industrial output; Impact of change in GDP structure on employee salaries.

  • REGIONAL INDICATORS.  // Asia Monitor: South East Asia Monitor Volume 1;Sep2003, Vol. 14 Issue 9, p1 

    Presents a chart on the growth rate of gross domestic product of South East Asian countries for the years 2001 and 2002, and a forecast for the years 2003 and 2004, as published in the September 2003 issue of the periodical 'Asia Monitor: South East Asia Monitor.'

  • REGIONAL INDICATORS.  // Asia Monitor: South East Asia Monitor Volume 1;Nov2005, Vol. 16 Issue 11, p1 

    The section presents the economic indicators for the countries Indonesia, Malaysia, Thailand, Philippines, Singapore and Vietnam. Percentage of the real GDP growth, inflation and current account balance of the countries are provided in the section.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics