Tobacco Bonds Changing Hands at Relatively Low Yield Levels

Albanese, Elizabeth
June 2005
Bond Buyer;6/15/2005, Vol. 352 Issue 32154, p37
Trade Publication
This article presents information related to tobacco bonds that continue to trade at the lowest yields in recent memory, but according to a report by Prudential Equity Group LLC, the long-awaited decision in the Price versus Philip Morris U.S. lawsuit may not be handed down until as late as this fall. Some tobacco bonds traded in large blocks, with interdealer trades of as much as $1 million priced to yield in the low to mid 5% range, according to Municipal Securities Rulemaking Board trade data posted on investinginbonds.com.


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