Munis Finish Flat to Slightly Lower; Inactivity Discourages Price Cuts

Johnson, Anastasija; Curran, Bill
December 2004
Bond Buyer;12/29/2004, Vol. 350 Issue 32039, p2
Trade Publication
The article reports that municipal bond prices fell slightly lower level as market participants received uncertain direction from a Treasury market that fell through recent lows before climbing back to the unchanged mark. A trader in New York said the municipal market had a negative tone, but participants did not feel pressured lo lower prices. While bid-ask spreads widening because a lack of liquidity during the holiday season prompted buyers to demand a concession to protect themselves against possible price declines.


Related Articles

  • Analysis of Outliers in Municipal Bond Transaction Costs. Robbins, Mark D.; Simonsen, Bill // Municipal Finance Journal;Fall2014, Vol. 35 Issue 3, p27 

    This paper examines extreme cases of transaction costs using data from new issue municipal bond issuance in California from 2007 to 2009. The authors use quantile regression to systematically test whether observable characteristics of the bond sale influence whether a case will be extreme or...

  • Muni Bond Fund Flows Still in the Red, at $770M. Ramage, James // Bond Buyer;11/25/2013, Vol. 122 Issue 34017, p1 

    The article reports that Municipal bond mutual funds have recorded outflows for the 26th straight week and is trading at 770 million dollars as on November 20, 2013. It mentions that the bonds were trading at 903 million dollars on November 13, 2013 and states that the long-term and high-yield...

  • Munis Unchanged in Modest Trading; Greenspan Remarks Affect Treasuries. Chesla, Nicholas; Johnson, Anastasija // Bond Buyer;6/9/2004, Vol. 348 Issue 31901, p2 

    Reports on the trading performance of municipal bonds in the U.S. as of June 8, 2004. Level of trading activities in the municipal bond market; Impact of the cautionary comments from the Federal Reserve Board on the trading of municipal bonds; Details on bond prices.

  • Study: Rounding May Have Netted Dealers $1B. Temple-West, Patrick // Bond Buyer;6/30/2008, Vol. 364 Issue 32909, p1 

    The article reports on the findings of a research conducted by economist Dan Li on municipal bond prices in the U.S. It reveals that the more municipal bond prices tend to be rounded up to even dollar amounts instead of halves and quarters of dollars for the secondary market. It also indicates...

  • Muni Bond Indexes Strengthen in Latest Week. Barnett, Chip // Bond Buyer;11/21/2014, Issue F345, p1 

    The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell two basis points to 4.39% in the week ending Nov. 20 from 4.41% in the previous week.üü

  • Long-term Volume Falls Just Short of 2013 Total. Weitzman, Aaron // Bondbuyer.com;12/31/2014, p28 

    The article reports on the performance of the U.S. municipal bond market in 2014. Topics covered include increase in long-term municipal bond issuance in 2014, the impact of the expiration of the Build America Bond Program on the year-end volume, and total long-term municipal bond sales as well...

  • Munis Slightly Firmer, Following Treasuries. Scarchilli, Michael; Herman, Jack // Bond Buyer;8/8/2008, Vol. 365 Issue 32936, p2 

    The article reports on the performance of municipal bonds in the U.S. for August 7, 2008. It states that the municipal market was slightly firmer in the said date. It is a little better in line with Treasuries. It states that trades reported by the Municipal Securities Rulemaking Board showed...

  • Weekly Indexes Rise as Municipal Market Weakens. Scarchilli, Michael // Bond Buyer;7/25/2008, Vol. 365 Issue 32926, p7 

    The article reports on the performance of the "Bon Buyer's" weekly yield for the week of July 25, 2008 in the U.S. It states that the weekly yield indexes rose, as the municipal market weakened in all but one of the week's session. It states that the municipal market was weaker by about three or...

  • Munis Unchanged to Slightly Firmer. Scarchilli, Michael; Herman, Jack // Bond Buyer;8/4/2008, Vol. 365 Issue 32932, p2 

    The article reports on the performance of municipal bonds in the U.S. for August 1, 2008. It states that the municipal market was unchanged to slightly firmer. Meanwhile, treasury market was mixed in the said date. The yield on the benchmark 10-year Treasury note, which opened at 3.94%, finished...


Read the Article


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

Try another library?
Sign out of this library

Other Topics