TITLE

Munis Weaken; Target Fed Funds Rate Raised

AUTHOR(S)
Johnson, Anastasua
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/29/2006, Vol. 355 Issue 32349, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the condition of the U.S. municipal bond market after the Federal Open Market has raised its target federal funds. Yields in the municipal bond market increases by three to five basis points. Tender-option bond programs have been taking trades off. The decline of bond prices results from the lack of demand and weakness of the Treasury market.
ACCESSION #
20397069

 

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