TITLE

Munis Finish Higher After Treasuries Rally

PUB. DATE
December 2005
SOURCE
Bond Buyer;12/7/2005, Vol. 354 Issue 32273, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the impact on municipal bond prices and yields in response to a surge in Treasuries. The up-trend was ignited by bond-friendly productivity, housing data and labor cost. Treasuries carried higher when the Labor Department stated that unit labor costs fell by 1% in the third quarter. The number was announced initially as a 0.5% decline and economists surveyed by IFR BondData Americas had predicted a smaller revision to a 0.6% decrease. Higher productivity and a downtrend in unit labor costs symbolize subdued inflation which is good news for the bond markets.
ACCESSION #
19256769

 

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