TITLE

Munis Stuck in a Narrow Range; FOMC Hikes Rate 25 Basis Points

AUTHOR(S)
Johnson, Anastasija; Curran, Bill
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/3/2005, Vol. 351 Issue 32063, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Federal Open Market Committee once again met market expectations yesterday when it raised its target inter-bank lending rate 25 basis points to 230%, leaving municipal bonds stuck in a narrow range until the next potentially market-moving event. Traders said that the tax-exempt market felt a little heavy before the FOMC in the afternoon announced its sixth consecutive rate hike since last June but returned to unchanged levels on discovering no unpleasant surprises in the statement that accompanied the interest rate decision.
ACCESSION #
15938580

 

Related Articles

  • Interest rates and bond yields.  // Economic Indicators;Oct93, p30 

    Presents interest rates and bond yields in the United States covering the period 1984 to 1994. United States Treasury security yields; High grade municipal bonds; Corporate bonds; Prime commercial paper; Discount rate; Prime rate charged by banks; New-home mortgage yields; Data gathered by the...

  • BMI VIEW.  // Emerging Markets Monitor;8/2/2004, Vol. 10 Issue 16, p3 

    Presents economic updates worldwide as of August 2004. Information on South Korea's interest rates; Growth status in Thailand; Amount of the foreign bond issue of China; Highlights of the economy of Peru.

  • State government 'bonds' with lower rates. Miller, Valerie // Las Vegas Business Press;6/30/2003, Vol. 20 Issue 26, p7 

    Examines the impact of the low interest rate environment in southern Nevada on the economy of the state. Use of proceeds from the sale of transportation bonds for highway repair and construction; Likelihood of additional savings from the sale of Highway Improvement Revenue Bonds; Reluctance by...

  • An Empirical Study of Bank Loan Officers� Functional Fixation on Agricultural Co-operatives and their Reported Earnings. Sands, Desley; Auyeung, Pak // Accounting Forum;Dec2001, Vol. 25 Issue 4, p353 

    There has been a long held perception of bias against Australian agricultural co-operatives in the debt capital market. This perception may be attributable to the possibility that bank loan officers are functionally fixated on the reported earnings of co-operatives and on an entity type in...

  • Interest rates and bond yields.  // Economic Indicators;Nov94, p30 

    Presents a chart and graph of interest rates and bond yields in the United States from 1984 to 1994. Source.

  • Jamaica: The Latest S&P.  // Emerging Markets Monitor;2/16/2004, Vol. 9 Issue 42, p11 

    Reports on the decision of Standard & Poor's to lower the long-term sovereign local currency credit rating of Jamaica. Negative outlook on the domestic currency rating; Interest rate terms of Jamaica's public debt; Forecast for the fiscal deficit in fiscal year 2003-2004.

  • Bond Index.  // Grand Rapids Business Journal;6/2/2003, Vol. 21 Issue 22, p45 

    Presents information on the bond index in the United States as of June 2003. Interest rate; Selected commodity prices.

  • Surge in Bond Buyer Yield Indexes as Greenspan Raises Interest Rate Fears. Stanton, Michael // Bond Buyer;07/30/99, Vol. 329 Issue 30694, p48 

    Reports on the increase in the Bond Buyer yield indexes due to the fear that United States (US) Federal Reserve Board Chairman Alan Greenspan will increase interest rates in August 1999. Percentage increase in bond indexes of general obligation yields; Yields on long-term US Treasury securities.

  • An Empirical Test Of The Brennan-Schwartz Bond Pricing Model In The Australian Context. Chiarella, Carl; Mackenzie, David; Pham, Toan M. // Asia Pacific Journal of Management;Dec1990 Special Issue, Vol. 7 Issue 3, p1 

    This paper presents an empirical test of some aspects of the Brennan and Schwartz arbitrage bond pricing model. Specifically it evaluates the assumed discrete version of the joint interest process for the short and long rates by estimating it for a series of sample periods under varying market...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics