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

Johnson, Anastasiji; Curran, Bill
November 2004
Bond Buyer;11/17/2004, Vol. 350 Issue 32012, p2
Trade Publication
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.


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