'Relentless Selling' Drags Down Munis

Curran, William; Scarchilli, Michael
May 2006
Bond Buyer;5/15/2006, Vol. 356 Issue 32381, p2
Trade Publication
The article reports on the performance of municipal bonds and Treasury bills in the U.S. Traders revealed that tax-exempt yields increased by two to four basis points while the 10-year treasury note yield grew by five basis points to 5.19 percent. The rising prices could lead to higher inflation and inflation expectations, causing the Federal Open Market Committee to continue increasing the rates.


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