TITLE

Rollover Season Will Be Down This Year, Lehman Reports

AUTHOR(S)
Fine, Jacob
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/16/2006, Vol. 356 Issue 32404, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the status of the municipal bond coupon and redemption payment reinvestment in June, July and August 2006 in the U.S. According to a Lehman Brothers Inc. report, the coupon and reinvestment is expected to be subdued in 2006, which could impede the market's near-term performance. In the U.S. market, there tends to be a high correlation between funds that are coming due, like coupon and redemption payments, and the amount of investable capital in the hands of buyers.
ACCESSION #
21319284

 

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