No Muni Mirror for Treasuries

Friedlander, George
April 2006
Bond Buyer;4/19/2006, Vol. 356 Issue 32363, p7
Trade Publication
The article reports on the status of treasury returns as compared to the municipal bond market in the U.S. based on a survey made by Citigroup Global Markets Inc. According to George Friedlander of Citigroup, returns on other bonds have covered the increase with the exemption of municipal bonds. The author states that many issuers were able to capitalize a flatter treasury return curve to make advance refunding cost effective.


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