Bonds Maturing After 10 Years Fall Between Two to Four Basis Points

Johnson, Anastasija; Curran, Bill
January 2005
Bond Buyer;1/14/2005, Vol. 351 Issue 32050, p2
Trade Publication
The long end of the municipal bond market, supported by bond-friendly data, firmer Treasuries, and continuous demand from a wide range of investors, outperformed the front end of the curve again yesterday. Traders said yields on bonds maturing after 10 years fell between two to four basis points as prices rose, while shorter maturities remained unchanged as participants waded through numerous bid-wanted lists. The municipal bond market also found support from Treasuries, which held on to their gains after the Treasury Department sold 10 billion dollar of 10-year Treasury Inflation Protected Securities. The Commerce Department said retail sales rose 1.2 percent in December, while excluding autos, sales were up only 0.3 percent.


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