Munis Rise, Supported by Treasuries; Activity Slow as Buyers Bide Their Time

Johnson, Anastasija
October 2004
Bond Buyer;10/26/2004, Vol. 350 Issue 31997, p2
Trade Publication
The article reports that the U.S. municipal bond market finished a touch higher yesterday, supported by earlier gains in Treasuries, but activity was slow to pick up as some participants remained on the sidelines waiting for new issues to set price levels. Last week, the 10-year sector closely followed its taxable counterparts, as the yield on 10-year triple-A-rated general obligation bonds fell six basis points, according to Municipal Market Data. This compares to an eight basis point decline in 10-year Treasury note yields.


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