TITLE

Bond Buyer Yield Indexes Fall Across the Board as long End Rallies

AUTHOR(S)
Johnson, Mathew
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/14/2005, Vol. 351 Issue 32050, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that all of "The Bond Buyer's," weekly yield indexes fell as the long end of the municipal bond market rallied to catch up with the Treasury market as of January 14, 2005. While the yield curve is still relatively steep in the municipal market, it has flattened in U.S. Treasuries, making it increasingly difficult to sell bonds on the short end and harder to find supply on the long end, said Bob Jackman, a senior managing director at Bear, Steams ∧ Co. Inc. As a result, a spread-shortening correction in the municipal market is taking place and will continue in the near term because municipal market always lag the treasury market, said Paul Kuhns, managing director of underwriting at Merrill Lynch.
ACCESSION #
15684293

 

Related Articles

  • Municipals Sell Off Modestly in February Amid Record Issuance. Johnson, Matthew // Bond Buyer;3/11/2005, Vol. 351 Issue 32088, p7 

    Reports on the sell of municipal bonds due to plentiful demand from institutional investors in the U.S. Statement of Philip Fischer, municipal bond strategist at Merrill Lynch & Co. regarding the price of the municipal bonds sell; Inconsistency of large portion of muni bonds and pay coupons;...

  • Merrill Hires Credit Research Generalist. Walker, Susanne // Bond Buyer;4/14/2005, Vol. 352 Issue 32111, p28 

    Reports that Merrill Lynch & Co. has hired Philip Villaluz, former vice president at Citigroup Global Markets Inc., as a generalist in its municipal bond credit research group.

  • Market Statistics.  // Bond Buyer;7/23/2008, Vol. 365 Issue 32924, p21 

    Several charts are presented depicting bond performance in the U.S. including market indicators, municipal market data general obligation yields and Merrill Lynch & Co. corporate bond indexes.

  • Underwriters Mostly Courting Institutions for Long-Term Deals. Johnson, Matthew // Bond Buyer;11/10/2004, Vol. 350 Issue 32008, p1 

    Highlights the results of a report from Merrill Lynch & Co. about the municipal bond market in the United States. Shift in the structure of long-term municipal bond deals to favor institutional buyers; Retail demand for the second half of 2004; Example of how current deal structures differ from...

  • Merrill's Downgrades Affecting TOBs. Hanson, Matthew; Posner, Maythew // Bond Buyer;10/30/2007, Vol. 362 Issue 32744, p1 

    The article reports on the impact of the downgrades of Merrill Lynch & Co.'s corporate credit on the municipal bond market in the U.S. According to the author, some industry executives believe that the downgrades to the corporate credit of the company have negatively affected tender-option bonds...

  • California Helps Boosts Regional Issuance Over 23% From 2006. Saskal, Rich // Bond Buyer;2/15/2008, Vol. 363 Issue 32817, p8 

    The article reports on several bond issuers who have sold almost $90.8 billion of municipal bonds in the U.S. Citigroup Inc. topped the Far West underwriting chart, credited with almost $14.3 billion in volume, ahead of Merrill Lynch & Co. with $12.6 billion. Orrick, Herrington & Sutcliffe LLP...

  • Merrill: Some Airline Bonds Enjoying a Performance Boost. Albano, Christine // Bond Buyer;9/20/2006, Vol. 357 Issue 32470, p7 

    The article reports on the positive ratings of some airline-related municipal bonds in the bond market in the U.S. in September 2006, in reference to the data of financial service company Merrill Lynch & Co. Inc. The report by Merrill cited bonds sold on behalf of American Airlines Inc. and...

  • Citi Remains Top-Ranked 1st Half Firm. Phillips, Ted // Bond Buyer;7/2/2008, Vol. 365 Issue 32911, p1 

    The article reports on the decline of the municipal bonds of top three underwriters Citi, Merrill Lynch & Co. and JPMorgan in the first half of 2008 in the U.S., according to preliminary data from Thomson Reuters. Moreover, the top three underwriters lost market share. The market share of the...

  • An August Redux. Posner, Matthew // Bond Buyer;11/12/2007, Vol. 362 Issue 32752, p1 

    The article reports that several bond insurance companies including Merrill Lynch & Co., Citigroup Inc., and Morgan Stanley & Co. Inc., have reported large losses due to subprime-related holdings in the U.S. According to the report, the concerns raised by the losses have resulted in a second...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics