Firm Tone Follows Buying on Bernanke Remarks

Curran, William; Scarchilli, Michael
May 2006
Bond Buyer;5/1/2006, Vol. 356 Issue 32371, p2
Trade Publication
The article reports on the firm tone of the municipal bond market following remarks of Federal Reserve Board chairman Ben S. Bernanke regarding a plausible pause in the cycle of monetary tightening that has lasted nearly two years in the U.S. Working under the assumption that rates were headed higher, retail investors have shied from the market since the Federal Open Market Committee began increasing the federal funds rate in June 2004.


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