Muni Tone Softens as Market Closes for Reagan Observances

Chesla, Nicholas; Johnson, Anastasija
June 2004
Bond Buyer;6/11/2004, Vol. 348 Issue 31903, p2
Trade Publication
Reports on the tone of municipal market as activity wound down ahead of a full market closure in observance of a national day of mourning for former United States President Ronald Reagan. Bid-to-cover ratio; Increase in import and export prices; Possibility that federal policy makers could implement a more aggressive tightening if inflation picked up.


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