Municipals Firm as Treasuries Push Higher

Curran, William; Scarchilli, Michael
June 2006
Bond Buyer;6/9/2006, Vol. 356 Issue 32399, p2
Trade Publication
The article reports that the U.S. municipal bond market has consolidated due to massive buyings spurred by early weakness in the global equity markets. Some mutual funds that were hoping for a higher rate opportunity, also came into the market. In April, wholesale inventories increased by 0.9% while wholesale sales increased by 1.3 percent. In the tax-exempt primary market, Lehman Brothers Inc. priced $131.9 million of grant anticipation bonds for the New Jersey Transportation Trust Fund Authority in the tax-exempt primary market.


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