TITLE

Munis Ease on October's Jump in PPI; Traders Cite 'Anemic' Flows

AUTHOR(S)
Johnson, Anastasiji; Curran, Bill
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/17/2004, Vol. 350 Issue 32012, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. municipal bond market eased on strong jump in the October 2004 producer price index (PPI). Traders cited a slow flow in the bond market. The Labor Department reported that the PPI rose 1.7% in October, posting the largest gain since January 1990. The core rate, which excludes the volatile food and energy sectors, was up only 0.3%, but also above market expectations. A poll by IFR bond data called for a 0.5%. increase in the headline rate and a 0.1% rise in the core rate.
ACCESSION #
15110143

 

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