Munis Off Slightly, But Not as Much as Treasuries

Curran, William; Scarchilli, Michael
May 2006
Bond Buyer;5/12/2006, Vol. 356 Issue 32380, p2
Trade Publication
The article reports that Washington municipal market, still sorting through the implications of an interest rate increase and an ambiguous monetary policy statement by the Federal Open Market Committee, weakened modestly as a jump in commodity prices pressured Treasuries. A trader said, the Treasury market is little lower but municipal market is holding in pretty well.


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