Munis Weaken; Target Fed Funds Rate Raised

Johnson, Anastasua
March 2006
Bond Buyer;3/29/2006, Vol. 355 Issue 32349, p2
Trade Publication
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.


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