Firming Treasuries Help Inspire Confidence Among Muni Buyers

Chesla, Nicholas; Johnson, Anastasija
May 2004
Bond Buyer;5/26/2004, Vol. 348 Issue 31892, p2
Trade Publication
Reports that buyers continued to materialize in the United States municipal market on May 25, 2004, driving prices higher as confidence among investors increased due to firmness in Treasuries and a modest new-issue calendar. Governments mostly higher while equities also gained during the session; Rise in May 2004 consumer confidence index to 93.2 from 93.0; Increase in April 2004 existing home sales by 2.5 percent to a 6.64 million rate.


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