Yield Indexes Finish Narrowly Mixed After Fed Raises Rates

Chang, Helen
February 2005
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p30
Trade Publication
The article reports that the Bond Buyer's weekly yield indexes were narrowly mixed this week, as policymakers raised interest rates for the first time this year and economic data hinted slower growth. The Federal Reserve raised the federal funds rate to 2.50% from 2.25% on Wednesday. Future "measured increases" are likely, according to the Fed's statement, which was virtually identical to the ones released at meetings on December 14 and November 10. The Fed's next meeting is March 22. The municipal bond market had little reaction to the move, which some market participants attributed to the Fed's strategy of telegraphing its moves well in advance to prevent market volatility.


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