TITLE

Courting Institutions

AUTHOR(S)
Johnson, Matthew
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/4/2005, Vol. 351 Issue 32083, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on issues related to municipal bonds in the U.S. In the last year or so, the price-setting group has become institutional even though retail holds two-thirds of the bonds out there, said Philip Fischer, a municipal bond strategist at Merrill Lynch & Co. Inc. in New York City. According to a February 7, 2005 Merrill report, only 2% of bonds in the Merrill Lynch municipal master index currently have a market value under par, and only 10.1% of the index has a market value between $100 and $102.
ACCESSION #
16314250

 

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