Yield Indexes Pushed Up by Strong Jobs Data, Fed Warning

Chang, Helen
June 2004
Bond Buyer;6/11/2004, Vol. 348 Issue 31903, p40
Trade Publication
Reports on the reasons for continued increase in the municipal bond yield indexes in the United States. Strength of May 2004 employment report; Federal Reserve's warning that it would be aggressive in raising interest rates; Increase in import prices due to increase in petroleum prices; Speculation of many market participants about the increase in the Federal Funds rate; Weekly average yield to maturity.


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