Munis Weaken as Treasury Losses Mount

Curran, William; Scarchilli, Michael
April 2006
Bond Buyer;4/13/2006, Vol. 356 Issue 32360, p2
Trade Publication
The article reports on the market performance of the municipal bonds as of April 12, 2006 in the U.S. The municipal bonds market has weakened due to the deepening losses in government securities, which broke the confidence of trading participants in the U.S. According to George Goncalves, Treasury and agency strategist at Banc of America Securities, the sell-off was largely motivated by negative expectations of the market.


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