California Cash Flood

Johnson, Anastasija
June 2004
Bond Buyer;6/18/2004, Vol. 348 Issue 31908, p1
Trade Publication
Reports on the expectation for investors who own maturing notes to put some of the incoming cash to work outside of municipal securities in California. Significance of the move in avoiding a reinvestment in the note market; Amount of sold bonds and notes in the state; Variation in the reinvestment opportunities; Impact of the strong demand for short-term paper amid scarcity of supply on the rates of the notes.


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