Municipals, Treasuries Firm Up As Reinvestment Cash Hits Market

Johnson, Anastasija; Curran, Bill
January 2005
Bond Buyer;1/6/2005, Vol. 351 Issue 32044, p2
Trade Publication
The article reports that long-term municipal bonds firmed yesterday, as Treasuries recovered most of the ground lost during a sell-off Tuesday, while seasonal reinvestment flows continued to give a better tone to the rest of the tax-exempt market. Traders said the municipal yield curve continued to flatten and yields on the long end were adjusted two basis points lower, while the front end remained flat or was a touch weaker, according to some accounts. At least for a day, the market shook off Tuesday's weakness, which was prompted by the release of the minutes of the December 14 Federal Open Market Committee meeting. The minutes indicated that some policymakers were worried the rate of inflation could accelerate and wanted to remove the measured characterization of the policy changes.


Related Articles

  • Market Post: Munis Slow as Weekend Approaches. Riggs, Taylor // Bond Buyer;9/10/2011, Vol. 121 Issue 33779, p1 

    The article discusses the slowdown in the municipal bonds market in August 2012. It mentions that the municipal market data yield has raised five basis points to 1.78 percent while the 30-year yield has increased four basis points to 2.92 percent. It further informs that in the negotiated...

  • Intermediate and Long-Term Munis Aided by Flattening Treasury Curve. Curran, Bill; Johnson, Anastasija // Bond Buyer;1/25/2005, Vol. 351 Issue 32056, p2 

    The article reports that finding support from a flattening Treasury curve and a light new-issue calendar, intermediate- and long-term municipal bonds inched higher yesterday. Traders said activity was limited and that yields in the intermediate-and-longer range were lower by one basis point...

  • Municipal Yields Rise at a Faster Rate Than Treasuries. Fine, Jacob // Bond Buyer;7/23/2004, Vol. 349 Issue 31932, p6 

    Reports on the fast rise in municipal yields at a faster rate than treasury yields. Price return of Lehman's 10-year municipal bond index; Factors contributing to the quick erosion of relative value in municipal bonds.

  • Munis Fall for Third Straight Day; Gwinnett County, Ga., COPs Priced. Chesla, Nicholas; Johnson, Anastasija // Bond Buyer;4/15/2004, Vol. 348 Issue 31863, p2 

    Announces that municipal bonds fell for the third consecutive session in the U.S. Status of the consumer price index for the month of March 2004; Factors that led the bond market to re-assess the possible timing and extent of an interest rate hike by the Federal Reserve; Tentative price for the...

  • Market Post: Munis Give Sigh of Relief as Yields Firm. Bonello, Maria; Flynn, Hillary // Bond Buyer;3/17/2014, Vol. 123 Issue 34076, p11 

    The article reports that yields of municipal bonds in the U.S. were stable on March 14, 2014 following a rally in Treasuries the previous day. It notes that issuance increased for the fifth straight week, accounted for by rising volume. It asserts that the increase in volume was partly due to...

  • Munis Finish Firm After Treasury Rally Fizzles.  // Bond Buyer;2/13/2006, Vol. 355 Issue 32218, p2 

    The article reports that the municipal bond market finished firm after a post-auction rally in Treasuries fizzled out amid an array of technical factors, including event risk associated with congressional testimony by the new head of the U.S. Federal Reserve. The reintroduction of 30-year...

  • Munis Weaken on Treasury Sell-Off; Yields Up 7 Basis Points on Offer Side. Johnson, Anastasija; Curran, Bill // Bond Buyer;11/30/2004, Vol. 350 Issue 32019, p2 

    The article reports on municipal bond market in the U.S. The municipal bond market weakened yesterday as a largely technical sell-off in Treasuries unnerved buyers and forced participants to cut their offerings. Traders said bond prices were marked down and yields increased at least seven basis...

  • Municipals Continue to Underperform Treasuries Amid Big New-Issue Supply. Johnson, Anastasija; Curran, Bill // Bond Buyer;3/31/2005, Vol. 351 Issue 32101, p2 

    This article reports that municipal bonds were unchanged to slightly firmer in spots as the market continued to underperform. Treasuries amid substantial new-issue supply and the need to distribute over $1 billion of bonds from a large seller. Traders said municipal bond yields were flat or a...

  • MARKET SNAPSHOT: Tuesday, May 10.  // Bond Buyer;5/11/2005, Vol. 352 Issue 32130, p2 

    The article presents statistical information depicting trends in the municipal bonds of the U.S.


Read the Article


Sign out of this library

Other Topics