Munis Lose Ground Over FOMC Minutes

Curran, William; Scarchilli, Michael
June 2006
Bond Buyer;6/1/2006, Vol. 356 Issue 32393, p2
Trade Publication
The article reports that the municipal and Treasury markets have fallen as tax-exempt yields increased one or two basis points, discussed during the Federal Open Market Committee (FOMC) meeting in the U.S. Participants of the meeting reported that inflation expectations had risen but remained contained. According to Jim O'Sullivan, senior economist at UBS, the minutes of the FOMC meeting do not totally support their views, which is for the federal government to stop at five percent.


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