Sinking Treasuries Push Up Bond Buyer Yield Indexes

Johnson, Matthew
December 2004
Bond Buyer;12/30/2004, Vol. 350 Issue 32040, p40
Trade Publication
The article reports that most of The Bond Buyer's yield indexes rose this week, taking a cue from Treasuries, which sold off Monday with tax-exempt prices following suit the next day in an otherwise inactive week in the municipal bond market. Fred Yosca, head of trading at BNY Capital Markets lnc. in New York City said that other than playing catch up with the Treasury market, the main causes for movement in the municipal bond market this week were year-end adjustments by investors, and some participants selling and hoping to buy back in at cheaper prices in 2005.


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