TITLE

Munis Little Changed; Bid Side Eases On Long End Ahead of Greenspan Talk

AUTHOR(S)
Johnson, Anastasija; Curran, Bill
PUB. DATE
June 2005
SOURCE
Bond Buyer;6/9/2005, Vol. 352 Issue 32150, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that insulated by relative value, the municipal bond market did not give up much ground yesterday, but the bid side eased on the long end in sympathy with Treasuries as participants turned defensive ahead of today's congressional testimony by Federal Reserve Board chairman Alan Greenspan. But high prices and unattractive absolute levels make it hard for investors to justify committing money on the long end, even though that part of the curve is the cheapest relative to government bonds.
ACCESSION #
17286149

 

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