TITLE

Indexes Fall in Aftermath of Weak Non-Farm Payrolls Report

AUTHOR(S)
Chang, Helen
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/10/2004, Vol. 350 Issue 32027, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the fall in the municipal bond yield indexes in November 2004. Yields in the government market declined in the aftermath of the employment report until the auction by the Treasury of $9 billion of 10-year notes, when foreign banks failed to lend ample support. Municipals continued to under perform their taxable counterparts, with the triple-A 10-year GO bond yielding 84% of the benchmark 10-year Treasury note. The weekly average yield to maturity on The Bond Buyer 40-bond municipal bond index finished at 4.91%.
ACCESSION #
15342199

 

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