Intermediate and Long-Term Munis Aided by Flattening Treasury Curve

Curran, Bill; Johnson, Anastasija
January 2005
Bond Buyer;1/25/2005, Vol. 351 Issue 32056, p2
Trade Publication
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 while the short end had a softer tone. George Friedlander, municipal market strategist with Citigroup Global Markets Inc., wrote in a report published Friday that he expects relatively low supply to be a feature of 2005.


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