Off or Unchanged? Traders Unsure As They Head Home for Holidays

Johnson, Anastasija; Curran, Bill
December 2004
Bond Buyer;12/27/2004, Vol. 350 Issue 32037, p2
Trade Publication
The article focuses on the U.S. securities markets where activity was slow on the last trading session before the market closed for the 2004 Christmas holiday, but municipal bonds were quoted a touch easier because the bid side lacked depth and Treasuries hovered just below the unchanged line. Traders said yields were adjusted a basis point higher on some maturities, but at the same time there was no heavy selling pressure to take the whole market down. As long as the market remained rangebound, traders expected participants to benefit from the so-called calendar roll.


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