Munis Rally But Treasuries End Flat; Lehman Reprices $500M Phoenix Deal

Johnson, Anastasija; Curran, Bill
December 2004
Bond Buyer;12/8/2004, Vol. 350 Issue 32025, p2
Trade Publication
The article focuses on the U.S. municipal bonds which finished a touch better as price bumps on some new deals and strong bids in December 2004. Tax-exempt yields were quoted on or two basis points lower amid continuous buying interest, as the market tried to catch up with its taxable counterparts. Both markets rallied for two days on the back of weaker than expected employment data, but municipals had lagged Treasuries and were making up for it. Although gains were not very broad-based, traders said the long end of the market was lifted by strong bids.


Related Articles

  • Losing Munis Cave Ahead of Primary Calendar. Riggs, Taylor // Bond Buyer;3/20/2012, Vol. 379 Issue 33682, p2 

    The article reports on the condition of the tax-exempt market in the U.S., which experienced a continuous losing streak for the fifth consecutive trading session. It states that the continuous losing of the market was brought by the weakened municipal bonds under pressure of a heavy primary...

  • Note Issuance Hovers, Hits Peaks in March and June. Albano, Christine // Bond Buyer;8/9/2010, Vol. 373 Issue 33363, p7A 

    The article reports on the increase in the issuance of tax-exempt notes in the U.S. in March and June 2010. According to the data released by Thomson Reuters, the volume of note issuance in the first half of 2010 has shown a significant increase from 2009, particularly in the months of March and...

  • Munis Unchanged in Light Post-Holiday Action. Scarchilli, Michael // Bond Buyer;9/9/2009, Vol. 369 Issue 33180, p2 

    The article offers news briefs related to bonds in the U.S. in September 2009. The municipal market was largely unaltered as participants came back from the three-day Labor Day weekend. The Chicago Board of Education will sell a deal of 547 million U.S. dollars largely composed of Build America...

  • Illinois GOs Take the Lead as Munis Weaken. Riggs, Taylor; Shields, Yvette // Bond Buyer;3/14/2012, Vol. 379 Issue 33679, p2 

    The article looks into the municipal bond market in March 2012 in the U.S. It claims that the tax-exempt market remains weak despite the favorable general obligation deal in Illinois. It is revealed in the Municipal Market Data scale that the state of municipal bonds is steady to weaker. It...

  • Muni exemptions' price tag put at $25 billion for 2000. Ferris, Craig T. // Bond Buyer;02/02/99, Vol. 327 Issue 30570, p7 

    Reports that the tax exemption for the interest paid on all municipal bonds will cost the United States government an estimated $25.1 billion in fiscal year 2000, according to President Bill Clinton's fiscal year 2000 budget plan estimates. Source of most of the revenue loss; Breakdown of the...

  • Market statistics.  // Bond Buyer;12/23/98, Vol. 326 Issue 30546, p28 

    Presents financial data about the United States as of December 23, 1998. Municipal bond market indicators; Short-term tax-exempt yields; Securities prices; Municipal market data general obligation yields; Futures markets; Reoffering yields.

  • Market statistics.  // Bond Buyer;01/05/99, Vol. 327 Issue 30551, p27 

    Presents data on finance in the United States as of January 5, 1998. Market indicators; Tax-exempt yields; Securities prices; General obligation yields; Futures markets; Municipal bond index; Municipal bond prices.

  • Municipal Supply Projected to Drop to $6.25 Billion. Ramage, James // Bond Buyer;7/23/2012, Vol. 381 Issue 33751, p6 

    The article reports that the U.S. bond market estimates show that there will be a decline in the municipal bond supply to 6.25 billion dollars in the U.S. It reports that the Regents of the University of California lead all issuers with 900 million dollars of tax-exempt. It states that there are...

  • Munis Weaker, But 2-Year Hits New Low. Riggs, Taylor // Bond Buyer;2/8/2012, Vol. 379 Issue 33660, p2 

    The article reports on the condition of municipal bond in the U.S. It notes that the tax-exempt market has continued to lose ground due to decrease of demand in the primary market which fails to bouy municipal bond. It mentions that while the bonds are weaker, still the traders have received...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics