Field Curve Flattens as Short End Rises Amid Heavy Selling Pressure

Johnson, Anastasija; Curran, Bill
January 2005
Bond Buyer;1/13/2005, Vol. 351 Issue 32049, p2
Trade Publication
The article reports that the municipal yield curve of the municipal bond market has flattened, as yields on the short end rose amid heavy selling pressure, while the long end held its own even as underwriters continued to bring sizeable new issues. The long end of the municipal bond market fared better because treasuries were able to pare their losses and move into positive territory in the wake of a five-year note auction. For account, the U.S. Treasury Department sold US$15 billion of five-year notes with a coupon of 3 % and a high yield of 3.731%.


Related Articles

  • Munis Extend Losses, Treasuries Down; $283 Million U. of Mass. Debt Priced. Johnson, Anastasija // Bond Buyer;5/14/2004, Vol. 348 Issue 31884, p2 

    Reports on developments pertaining to the municipal bond market in the U.S. s of May 14, 2004. Activity in the tax-exempt bonds market; Citigroup Global Markets Inc.'s pricing for a University of Massachusetts Building Authority loan; Treasury Department's completion of its quarterly refunding...

  • Something for Everyone? Saskal, Rich // Bond Buyer;9/24/2004, Vol. 349 Issue 31976, p1 

    Reports on California's issuance of revenue anticipation notes slated to price on September 29, 2004 after a two-day retail order period. California's efforts to find as broad a market as possible for the sizable sale; Total amount of revenue anticipation notes to be issued by California; Los...

  • May Volume Barely Tops 2006, But Year-to-Date Sales Up 30%. Posner, Matthew // Bond Buyer;6/1/2007, Vol. 361 Issue 32641, p52 

    The article reports on the performance of the municipal bonds market in the U.S. as of June 1, 2007. The year-to-date totals of municipal bonds which was sold continued to overshadow 2006 with 2007 issuance levels almost 30 percent higher than in 2006. In 2007, $173.78 million of bonds have been...

  • Pennsylvania Turnpike Commission To Sell $267M for Its Capital Plan. D'Ambrosio, Jill // Bond Buyer;5/21/2004, Vol. 348 Issue 31889, p4 

    Reports on the Pennsylvania Turnpike Commission's plan to sell revenue bonds in May 2004 to help fund its capital improvement plan. J.P. Morgan Securities Inc.'s selection as the transactions' lead underwriter; Ambac Assurance Corp.'s plan to insure the bonds; Dilworth Paxson's appointment as...

  • Munis Drift Lower Under Pressure From Treasuries; Selling Limited. Johnson, Anastasija // Bond Buyer;9/27/2004, Vol. 349 Issue 31977, p2 

    Reports on the performance of municipal bonds for the September 24, 2004 trading session in the U.S. Appearance of a number of bid-wanted lists in the sector; Eagerness of some investors to sell bonds while the prices are high; Impact of higher oil prices on the outcome of the trading.

  • Munis Finish Up in Muted Activity. Curran, Bill; Johnson, Anastasija // Bond Buyer;3/23/2006, Vol. 355 Issue 32345, p2 

    The article reports on the performance of the U.S. municipal bond market on March 22, 2006. The market performed higher as Treasuries enjoyed a minor technical bounce. Activity was muted as investors looked forward to the Federal Open Market Committee meeting. The muted secondary activity level...

  • Indexes at Highest Levels in Months Amid Inflation Expectations. Chang, Helen // Bond Buyer;5/14/2004, Vol. 348 Issue 31884, p34 

    Reports on the growth of the Bond Buyer's weekly yield indexes for the period February 19 to May 13, 2004. 20-Bond Index; 11-Bond Index; Revenue Bond Index; Municipal bond index yield to maturity.

  • MARKET STATISTICS.  // Bond Buyer;2/6/2004, Vol. 347 Issue 31816, p34 

    Presents statistics pertaining to the municipal bond market in the U.S. as of February 6, 2004. Market indicators; Short-term tax-exempt yields; Securities prices; Municipal market data general obligation yields; Visible supply rises; Bond Buyer Indexes; New-issue balances; State and local...

  • West Virginia Borrowers Plan About $400 Million of Bonds. Newman, Emily // Bond Buyer;6/3/2004, Vol. 348 Issue 31897, p1 

    Reports on West Virginia agencies' plan to sell bonds as fiscal 2005 is about to get underway. Likelihood that the state would have more revenue than previously anticipated to help with its budget in 2005; Sales and income tax collections of West Virginia; Additional revenue from severance taxes.


Read the Article


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

Try another library?
Sign out of this library

Other Topics